Janet Yellen: “We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.”

the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.

The President has proposed in his most recent budget expanding the Child Tax Credit.

We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'