Janet Yellen: “If Congress doesn’t raise what’s called the debt ceiling by October 18th, it could trigger a recession.”

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.

I think it is appropriate to do that.

President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.