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Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

Posted on AllSides June 13th, 2024
From The Center
Economy and Jobs, Janet Yellen, Federal Debt
Anna Rose Layden | Reuters

Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy.

In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive $34.7 trillion debt load.

“If the debt is stabilized relative to the size of the economy, we’re in a reasonable place,” she told CNBC’s Andrew Ross Sorkin during a “Squawk Box” live interview. “The way I look at it...

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