On the recordApril 29, 2024
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.
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congress.govBut 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.
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I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.
We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.
We share the objective that you have which is to rid ourselves of dependence on China.
He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.