U.S. Treasury Secretary Janet Yellen stated that the U.S. debt load is in a 'reasonable place' if it remains at its current level relative to the size of the economy. Yellen expressed confidence that inflation will continue to decline and emphasized the difficulty of cutting costs. She also highlighted the significant revenue loss resulting from the Tax Cuts and Jobs Act (TCJA) and voiced support for higher taxes on billionaires, though she does not favor a global wealth tax. Meanwhile, U.S. debt is currently rising by $1 trillion every 100 days.
"I think that if the debt stabilized relative to the size of the economy, that we're in a reasonable place," says Treasury Secretary Janet Yellen. https://t.co/eMyKmbgGiP
BREAKING: Treasury Secretary Janet Yellen says US debt load is in a "reasonable place" if it remains at current levels relative to GDP. Meanwhile, US debt is currently rising by $1 trillion every 100 days. Who's going to tell her? https://t.co/lWGDv83pxN
U.S. Treasury Sec. Yellen has said that the #US debt load is in a ‘reasonable place’ if it remains at this level - CNBC
U.S. Treasury Sec. Yellen has said that the US 🇺🇸 debt load is in a ‘reasonable place’ if it remains at this level - CNBC
Treasury Secretary Yellen says U.S. debt load is in 'reasonable place' if it remains at this level @CNBC https://t.co/nEvbKu8WON
Treasury Secretary Yellen says U.S. debt load is in 'reasonable place' if it remains at this level ARE YOU SERIOUS!?#JanetYellen NOT SUSTAINABLE! $SPY $IWM $QQQ https://t.co/hnm8oM7T7Q https://t.co/rdSxtPZM0r
🇺🇸 Treasury Secretary Janet Yellen just said that the US debt load is in a ‘reasonable place’ if it remains at this level - CNBC
Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level: CNBC 💀
$SPY - Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level @CNBC
YELLEN: BELIEVES INFLATION WILL CONTINUE TO COME DOWN YELLEN: IT’S DIFFICULT TO CUT COSTS YELLEN: DEFINITELY IN FAVOR OF HIGHER TAXES ON BILLIONAIRES BUT DOES NOT FAVOR A GLOBAL WEALTH TAX
⚠️ U.S. TREASURY'S YELLEN: **BELIEVES INFLATION WILL CONTINUE TO COME DOWN **IF THE DEBT IS STABILIZED RELATIVE TO SIZE OF THE ECONOMY THEN WE'RE IN A REASONABLE PLACE **IT IS DIFFICULT TO CUT COSTS **TCJA RESULTED IN A SUBSTANTIAL LOSS IN REVENUE
US TREASURY SECRETARY YELLEN: IF THE DEBT IS STABILISED RELATIVE TO THE SIZE OF THE ECONOMY, THEN WE'RE IN A REASONABLE PLACE.
U.S. TREASURY'S YELLEN: IF THE DEBT IS STABILIZED RELATIVE TO SIZE OF THE ECONOMY THEN WE'RE IN A REASONABLE PLACE