Janet Yellen: “The Neighborhood Homes Investment Act... fills a need that is really not addressed anywhere else, as far as I know, in…”

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.

The treasury secretary, Janet Yellen, is my exclusive guest tonight.

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.