‘Very Irresponsible’: Yellen Blasts House Republicans For Wanting Spending Cuts Amid Debt Showdown

‘Very Irresponsible’: Yellen Blasts House Republicans For Wanting Spending Cuts Amid Debt Showdown


Treasury Secretary Janet Yellen asserted on Saturday that House Republicans attempting to negotiate spending cuts amid the renewed debt ceiling battle are “very irresponsible.”

The official informed House Speaker Kevin McCarthy (R-CA) and other lawmakers in a recent letter that the debt ceiling, an arbitrary cap on the national debt established by Congress, exceeded the statutory limit of nearly $31.4 trillion as of this week. Yellen said in an interview with the Associated Press that House Republicans calling for spending cuts are risking a “self-imposed calamity in the United States and the world economy.”

“This is about paying bills that have already been incurred by decisions with this and past Congresses and it’s not about new spending,” she said, commenting that sustainable expenditures cannot be “negotiated over

Trending: Two Republican Senators Prepare To Endorse Trump In 2024 Presidential Race

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend