Janet Yellen actually said...

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

Yellen discusses the impact of Congress not raising the debt limit on cash balances.

04/29/2024

More Janet Yellen Quotes

Since 1789, the United States has a history of paying its bills on time.

I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June, and possibly as soon as June 1s...

It is important to be clear, shareholders and debt holders of the failed banks are not being protected by the government.

The strong actions we have taken ensure that Americans' deposits are safe.