Yellen Says Debt Limit Threatens Economic Gains Made Under Biden
- Government spending she hails has been attacked by Republicans
- Yellen expected to give Congress guidance on default timing
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Treasury Secretary Janet Yellen implored lawmakers to lift the federal debt limit as she credited the Biden administration’s high-priced economic policies for driving a “historic recovery” from the coronavirus pandemic.
Yellen called the showdown between House Republicans and the Biden White House over the debt ceiling “an issue that could threaten all the progress that we’ve made over the past two years,” according to a text of remarks she’s scheduled to deliver Tuesday at a conference in Washington.