US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

Publikováno: 27.5.2024

#News Bytes #Biden Administration #budget negotiations #debt management #Federal Reserve #fiscal trajectory #interest rates #Janet Yellen #News Bytes - 2 #revenue #Treasury Secretary #US borrowing

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U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg […]