Yellen told Reuters in an interview that the Biden budget for fiscal 2024 would contain "substantial deficit reduction over the next decade.
"And we're going to show how we're going to accomplish that," she said on the sidelines of a G20 finance leaders meeting. "Republicans need to put a plan on the table, and a negotiation or discussion about that is certainly possible, but it can't be a condition or precondition for raising the debt ceiling."
Republicans who hold a slim majority in the House of Representatives, have demanded that President Joe Biden agree to spending cuts as in exchange for raising the debt ceiling. Yellen said the United States "can't bargain over whether or not we're going to pay our bills. It's simply a fundamental responsibility a government has."
Yellen said that tax receipts collected around the April 15 filing deadline could allow for some adjustments in the department's estimate of when it would no longer be able to pay all of the government's bills without an increase in the $31.4 trillion debt limit.
She needs to go retire with majority of congress you all have done a great job 33 trillion and what to show for nothing but debt. You need to screw us Americans some more well this guy is done with it. I call a political revolution to kick them out. AJR 2024 common sense 👍🏻
GOP TaxCuts Helped Billionaires Pay Less Tax Than Working Class 2019 Wasteful GOP TaxCuts Lead To Ongoing Trillion Dollar Deficits Despite Expanding Economy 2020 GOP Tax Cuts Did Not Deliver on GOP Promises
Wake up America 👇
America is scared that China won't rescue their economy lol, time to stop spending more than you earn lil bros
She does not think for herself or our country and does not care about the American people. She does what she is told to do, should be relaxing at the assisted living facility playing bridge not crunching numbers😳
Give me a break. Republican only increase the deficit and debt while in power, aka tax cuts for billionaires and corporations, and become deficit hawks when out. Yellin is pandering to this nonsense.
Term Limits...
Who cares, no one listens to this hag