• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Outgoing Treasury Sec. Yellen ‘sorry that we haven’t made more progress,’ believes deficit must be decreased

by December 11, 2024
written by December 11, 2024

Outgoing Treasury Sec. Janet Yellen said that she’s ‘concerned about fiscal sustainability’ and thinks the deficit must be decreased.

She made the comments during the Wall Street Journal’s CEO Council Summit after Greg Ip, chief economic commentator for the outlet, noted that President Joe Biden and Yellen are leaving behind a big budget deficit. ‘Are you sorry you couldn’t make more progress on that?’ he asked. Ip also asked Yellen how much risk the issue presents to the economy.

‘Well I am concerned about fiscal sustainability. And I am sorry that we haven’t made more progress. I believe that the deficit needs to be brought down, especially now that we’re in an environment of higher interest rates,’ Yellen replied. 

Yellen helmed the Treasury Department during President Joe Biden’s White House tenure, but will soon step down as Biden’s term ends next month.

In that time, the already-massive national debt continued soaring to new heights, and has now surpassed $36 trillion.

‘Today, the U.S. economy is in strong shape, with a robust labor market and solid economic growth. Tune in as I join @Greg_Ip at the @WSJ CEO Council Summit to discuss the economic progress we have made under the leadership of @POTUS and @VP,’ Yellen declared in a post on X.

Trump decisively defeated Vice President Kamala Harris during the 2024 presidential contest, winning both the Electoral College and the popular vote.

The president-elect tapped Scott Bessent to serve as Treasury Department secretary in his upcoming administration.

‘Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists,’ Trump said in a statement last month.

Yellen previously served as chair of the Federal Reserve Board of governors from early February 2014 through early February 2018.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Judge blocks Albertsons-Kroger $25 billion supermarket merger
next post
Biden flip-flop on pardoning son Hunter is wildly unpopular with Americans, poll finds

related articles

Department of Justice opens criminal investigation into NY...

May 9, 2025

Trump’s first vice president urges his old boss...

May 9, 2025

White House highlights over $2B in savings from...

May 8, 2025

GOP talk on millionaire tax hike ‘makes no...

May 8, 2025

GOP senators: Congress should vote on Trump’s potential...

May 8, 2025

Trump considers tax hike on Americans making $2.5...

May 8, 2025

Chief Justice Roberts doubles down on defense of...

May 8, 2025

Trump pulls his nomination for DC US attorney,...

May 8, 2025

Trump touts ‘rebuilding and modernization’ of US air...

May 8, 2025

Trump targets Iranian oil with sanctions, increasing pressure...

May 8, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Hurricane Debby: Florida Faces Flooding and Storm

    August 5, 2024
  • Biden returning to White House for first time since ending presidential bid, COVID diagnosis

    July 23, 2024
  • 26 Republican attorneys general join Virginia in petitioning Supreme Court to rule on voter roll

    October 29, 2024
  • Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides

    February 21, 2025
  • IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

    December 24, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • Karoline Leavitt explains US efforts to negotiate with Hamas to free American hostages

    March 5, 2025
  • Trump negotiating a new Panama Canal treaty for the American people

    December 26, 2024
  • The Evolution of Forex Trading: From Barter to Blockchain

    October 8, 2024

Recent Posts

  • Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

    December 3, 2024
  • Bissell recalls 3.2 million handheld steam cleaners after scores of burn injury reports

    July 23, 2024
  • New ‘Reagan’ movie shows president’s strengths and why he is most remembered for fighting ‘evil’

    September 1, 2024

Editor’s Pick

  • Vitesse Energy stock: How safe is the 9% dividend yield?

    August 12, 2024
  • Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

    July 17, 2024
  • Harris claims she ‘made clear’ her position on fracking in 2020 – transcript shows another story

    August 30, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock