Treasury Secretary Janet Yellen said the debate over the US debt ceiling amounts to 'flirting with a self-inflicted crisis' but that everyone 'breathed a sigh of relief' after Democrats and Republicans reached a deal to avert economic disaster.
Washington Treasury Secretary Janet Yellen said Thursday that the debate over the US debt ceiling amounts to"flirting with a self-inflicted crisis" but that everyone"breathed a sigh of relief" after Democrats and Republicans reached a deal to avert economic disaster.
"It's important that we have met that deadline and didn't go, you know -- it looks like it will be voted on this evening -- that we haven't gone right up against the wire. But we do need to settle it longer term," Yellen told CNN's Erin Burnett on"OutFront.""You know, what we're really talking about here is can you count on the government to pay its bills? It's not about future spending or taxes. We've incurred bills.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is minting a $1 trillion platinum coin the answer to the debt limit crisis?The last-minute minting of a platinum coin valued at $1 trillion has been proposed as a solution to the debt ceiling crisis.
Read more »
Mitch McConnell, Chuck Schumer agree to deal to avert debt crisisThe U.S. Senate appears to have narrowly avoided a federal financial crisis—pushing off the vote on the debt ceiling until December.
Read more »
What's good (and what's not) about Congress' new debt-ceiling dealTo be sure, avoiding the Oct. 18 deadline is good news, but this is obviously a kick-the-can-down-the-road agreement.
Read more »
Senate moves toward short-term debt-ceiling agreementThe Senate was close Wednesday evening to a short-term deal to raise the debt limit, postponing for a few months a showdown over how to craft a longer-term extension of the nation’s borrowing cap.
Read more »
Senate delays procedural vote to lift debt ceilingThe test vote was expected to fail due to lack of Republican support. NBC News’ Leigh Ann Caldwell reports on what happens next.
Read more »