U.S. Treasury Secretary Janet Yellen says Congress must increase the nation’s debt ceiling to avoid financial disaster.
“America has paid its bills on time since 1789. And not to do so would produce an economic and financial catastrophe,” Yellen said Feb. 6 on ABC’s “Good Morning America.”
“And every responsible member of Congress must agree to raise the debt ceiling. It’s something that simply can’t be negotiable.”
Less than a week prior to Yellen’s comment, Rep. Kevin Hern (R-Okla.) said the exact opposite.
“Democrats’ demands that Republicans vote for a clean debt limit increase to accommodate trillions of dollars of new spending Republicans opposed is nothing more than an irresponsible, cynical, political stunt,” Hern, chairman of the House Republican Study Committee, wrote to committee members on Feb. 1….