White House leaves door open for full elimination of the debt ceiling

White House leaves door open for full elimination of the debt ceiling
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White House press secretary Jen Psaki suggested that President Joe Biden might back Treasury Secretary Janet Yellen’s endorsement of eliminating the debt ceiling entirely to avoid future credit crises.
When asked at her Friday briefing if Biden agreed with Yellen’s comments, Psaki said the administration’s current focus “for the next 17 days” is “getting the debt limit raised in the Senate.”
“That’s what we’re working toward,” she continued. “There’s plenty of time after that to discuss what the path forward looks like.”
DEMOCRATS: DON’T CALL IT ‘DISARRAY’
Congress introduced a bill in May that would eliminate the debt ceiling, but the White House has not issued a Statement of Administration Policy endorsing it.
Yellen , testifying on the Hill on Thursday, supported that action.
“Yes, I would,” she said in response to a question from Rep. Sean Casten, an Illinois Democrat, on the subject. “If, to finance those spending and tax decisions …

The post White House leaves door open for full elimination of the debt ceiling appeared first on Populist Press 2021 ©.

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