Political Quotes

On the recordOctober 18, 2021
a default on the U.S. debt would be catastrophic from the standpoint of our credibility
Said by
Janet Yellen
Democratic · California

Editor's note · Context

Yellen warns that defaulting on debt would harm U.S. credibility globally.

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More from Janet Yellen

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I believe strongly that a diversified set of financial institutions is best for America.

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I very much want to see Harriet Tubman on the $20 bill, and I have promised, and I am doing everything I possibly can to expedite that process.

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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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I think it is appropriate to do that.

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