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Republicans Pose Queries Regarding Treasury Secretary’s Remarks on National Debt Ceiling

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

Republicans in the US Senate question Treasury Secretary Janet Yellen’s assessment that the US will not be able to pay its debt by June 1 unless Congress raises the debt ceiling.

Axios said that after the House leaves session, Senate Republicans are lining up behind Speaker Kevin McCarthy’s plan, promoting their unity and testing President Joe Biden’s resolve not to negotiate a debt ceiling hike.

A few days ago, Yellen McCarthy reported that “our best estimate is that we will not be able to continue meeting all government commitments by early June, possibly June 1, unless Congress raises or suspends the debt ceiling by that date.” .”

Commenting on this, Republican Senator John F. Kennedy said, “I don’t think June 1 is an upper limit, I think it’s a political ceiling that the Secretary of State has put in place to put pressure on people. end of July or sometime in August.

He added: “No one believes her. I don’t believe her. I’m not saying she’s a liar, I’m just saying that Janet Yellen is no longer an economist and professor – she’s a politician.”

On the other hand, Democratic senators are sounding the alarm that time is running out and urging their colleagues to listen to Yellen.

Democratic Senator Michael Bennett said, “It’s funny how frugal everyone is at times like this. I really don’t understand the politics of playing with Americans’ mortgage rates and their interest rates and their loans.”

Source: axios

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