Political Quotes

Janet L. Yellen: not paying any of our bills is default.

On the recordMarch 22, 2023
not paying any of our bills is default.
Said by
Janet L. Yellen

Editor's note · Context

Yellen emphasizes that failing to pay all bills constitutes a default.

Share

More from Janet L. Yellen

Jun 4, 2024

I am heartened that Congress passed crucial support for Ukraine and for other allies.

congress.gov
Mar 22, 2023

this has never been tried. It has been rejected by all past Treasury secretaries.

congress.gov
Mar 22, 2023

It is a fundamental, basic responsibility of Congress to pay the Government's bills.

congress.gov
Mar 22, 2023

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

congress.gov