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International Business Times
International Business Times
National

Yellen Warns Against Extending Trump Era Tax Cuts: 'Unsustainable'

Donald Trump Janet Yellen United States Joe Biden Tax Cuts
US Treasury Secretary Janet Yellen said the country's projected fiscal path under current policies is not sustainable (Credit: AFP)

US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits.

"The projected fiscal path under current budgetary policies is simply not sustainable," she said, in what is likely to be her final major speech in office.

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