Treasury Secretary Yellen urges Congress to raise debt limit on ‘bipartisan basis’
Treasury Secretary Janet Yellen on Monday called on Congress to raise the debt ceiling in a bipartisan manner, rather than through the Democrats’ potential go-it-alone plan.
“In recent years Congress has addressed the debt limit through regular order, with broad bipartisan support. In fact, during the last administration, Democrats and Republicans came together to do their duty three times. Congress should do so again now by increasing or suspending the debt limit on a bipartisan basis,” Ms. Yellen said in a statement.
It is the first public position the Biden administration has taken on whether to raise the debt ceiling....