Janet Yellen: “I do think it's appropriate for us to make changes, and I fully expect that we will.”

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

I'm very troubled by this. I was appalled by the brutal attacks by Hamas on Israel, and felt that Israel deserves our unqualified support.

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.

In 2034, under our budget, I believe it would be around 45 trillion.