On the recordNovember 28, 2017
This should be a very significant concern.
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congress.govThis should be a very significant concern.
Yellen emphasizes the importance of addressing the rising debt-to-GDP ratio.
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The Trump tax cuts added hugely to the deficit. I wish I recalled, it was something like $2 trillion over 10 years.
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
The President has, as you mentioned, pledged he does not want to see taxes raised by a penny on anyone making under that.
We are also asking for an increase for the Community Development Financial Institutions (CDFI) Fund, which expands credit and financial support to historically underserved communities.