Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Politics

Outgoing Treasury Sec. Yellen ‘sorry that we haven’t made more progress,’ believes deficit must be decreased

by December 11, 2024
December 11, 2024
Outgoing Treasury Sec. Yellen ‘sorry that we haven’t made more progress,’ believes deficit must be decreased

Outgoing Treasury Sec. Janet Yellen said that she’s ‘concerned about fiscal sustainability’ and thinks the deficit must be decreased.

She made the comments during the Wall Street Journal’s CEO Council Summit after Greg Ip, chief economic commentator for the outlet, noted that President Joe Biden and Yellen are leaving behind a big budget deficit. ‘Are you sorry you couldn’t make more progress on that?’ he asked. Ip also asked Yellen how much risk the issue presents to the economy.

‘Well I am concerned about fiscal sustainability. And I am sorry that we haven’t made more progress. I believe that the deficit needs to be brought down, especially now that we’re in an environment of higher interest rates,’ Yellen replied. 

Yellen helmed the Treasury Department during President Joe Biden’s White House tenure, but will soon step down as Biden’s term ends next month.

In that time, the already-massive national debt continued soaring to new heights, and has now surpassed $36 trillion.

‘Today, the U.S. economy is in strong shape, with a robust labor market and solid economic growth. Tune in as I join @Greg_Ip at the @WSJ CEO Council Summit to discuss the economic progress we have made under the leadership of @POTUS and @VP,’ Yellen declared in a post on X.

Trump decisively defeated Vice President Kamala Harris during the 2024 presidential contest, winning both the Electoral College and the popular vote.

The president-elect tapped Scott Bessent to serve as Treasury Department secretary in his upcoming administration.

‘Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists,’ Trump said in a statement last month.

Yellen previously served as chair of the Federal Reserve Board of governors from early February 2014 through early February 2018.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Judge blocks Albertsons-Kroger $25 billion supermarket merger
next post
Biden flip-flop on pardoning son Hunter is wildly unpopular with Americans, poll finds

You may also like

DOGE cuts $51M from US African Development Foundation,...

Hamas, who sparked war with Israel, says Trump’s...

Booker delivering marathon Senate speech against Trump admin,...

Musk’s DOGE takes aim at ‘viper’s nest’ federal...

Trump’s DOGE push slashes millions in DEI contracts...

DAVID MARCUS: Disband the White House Correspondents’ Association

Melania Trump questions ‘whether Jill’s concern was genuine’...

Mossad chief thanks US for help with Iran,...

Lawmakers take action after report shows Biden-era SBA...

Republicans ready late-night session on Trump’s ‘big, beautiful...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • K-pop superstars BTS announce end of hiatus with a new album and...

    • C29 Metals shifts focus to Mayfield Copper Project

    • Blackstone Secures $22.6m for Mankayan Copper-Gold Drilling

    • Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

    • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    Categories

    • Business (531)
    • Investing (2,588)
    • Politics (4,187)
    • Uncategorized (1)
    • World (2,672)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top