"America would default for the first time in history. The full faith and credit of the United States would be impaired and our country would likely face a financial crisis and economic recession as a r..."
"Treasury Secretary Janet Yellen today told lawmakers that government will essentially run out of money on October 18 if the federal debt limit isn`t raised."
"It is imperative that Congress address the debt limit. If not, our current estimate is the treasury will likely exhaust its extraordinary measures by October 18th. At that point, we expect treasury wo..."
"failing to increase the debt limit would have catastrophic economic consequences."
"I do support eliminating stepped-up basis. The reason is that a very large share of the income of wealthy individuals is simply never taxed."
"I cannot think of anything more harmful to the role of the dollar than failing to raise the debt ceiling."
"We are trying to add to the IRS's resources so that they will be able to handle these things in a more expedited fashion."
"It makes one question when America might become the next Greece. When, in your view, when do we have to say enough is enough when it comes to our deficit and our debt?"
"We want to see, before additional funds are made available, that the ones that are available have been allocated effectively."
"I think there are threats to financial stability that have come from the growth of activity in the shadow banking sector."
"And I would agree with that answer, and it is something we are working as hard as we possibly can to do, to get vaccination rates up, to deal with the pandemic."
"I believe there are a number of ways in which Congress could implement [Pillar One], but certainly ratification of a treaty would be one way in which Congress could authorize."