On Monday afternoon, Secretary of the Treasury Janet Yellen once again sent a letter to House Speaker Kevin McCarthy (R-CA), cautioning him about the increasing risk of the United States defaulting on its debt unless Congress passes a bill to raise the nation’s debt limit. Even though the bill would also need President Joe Biden’s signature, Yellen has consistently directed these letters to McCarthy, despite him and House Republicans already passing a bill that raises the debt ceiling and prevents default.
Tag: Janet yellen
Biden’s Dangerous Tactics Are Depleting The U.S. Oil Reserves
Biden’s response to rising gas costs has included tapping into America’s oil reserves. The idea was that if external oil supplies were shut off, the U.S. could use the stockpile to keep the country going. Biden administration is using the oil reserves for everything but its intended purpose.
Yellen Calls for the Nation’s Debt Limit to Be Raised
Treasury Secretary Janet L. Yellen urged Congress to raise the nation’s statutory debt limit to a level that would not be reached until after the 2024 election, thereby neutralizing the ability of Republicans to prevent the U.S. from paying its bills to gain Democratic concessions.
