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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Yellen: Different system needed to end repeated standoffs over US debt ceiling

Janet Yellen United States Joe Biden Treasury Department
Copyright 2023 The Associated Press. All rights reserved.

After dozens of standoffs with Congress over government spending in recent decades, Treasury Secretary Janet Yellen said Thursday that in her personal opinion, the United States should adopt a different system for national finances.

Emphasizing that it was her own opinion, not President Joe Biden's, Yellen said there are various alternatives for avoiding situations where the Treasury lacks the funds to pay its bills.

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