Treasury Secretary Janet Yellen said Sunday that Democrats should be willing to approve raising the nation’s debt ceiling without Republican support if necessary, according to a new report. Yellen reportedly shared the new information during an interview with The Washington Post. The Treasury Secretary encouraged a bipartisan approach but encouraged Democrats to do whatever was needed to avoid default. The controversy involves the nation’s debt ceiling, the maximum amount of debt the government is allowed to take on without approval. On Oct. 7, the Senate passed a temporary measure to avoid default until December. Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.) hammered out the agreement after Democrats refused to fold the debt limit matter into a mammoth budget package they’re hoping to ram through Congress with no Republican votes. “I have some good news. We’ve reached an agreement on an extension of the debt ceiling through early December. …
Treasury Secretary Yellen Encourages Democrats to Increase the Debt Ceiling, Alone If Necessary to Avoid Default
November 1, 2021
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