On the recordMarch 22, 2023
this has never been tried. It has been rejected by all past Treasury secretaries.
Said by
Janet L. Yellen
Source
congress.govthis has never been tried. It has been rejected by all past Treasury secretaries.
Yellen states that prioritizing payments has been consistently dismissed by previous Treasury secretaries.
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More from Janet L. Yellen
Those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
It is a fundamental, basic responsibility of Congress to pay the Government's bills.
this has never been tried. It has been rejected by all past Treasury secretaries.