{"id":44944,"date":"2023-01-21T04:52:22","date_gmt":"2023-01-21T04:52:22","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/yellen-rules-out-gop-plan-to-avert-default-on-government-debt\/"},"modified":"2023-01-21T04:52:22","modified_gmt":"2023-01-21T04:52:22","slug":"yellen-rules-out-gop-plan-to-avert-default-on-government-debt","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/yellen-rules-out-gop-plan-to-avert-default-on-government-debt\/","title":{"rendered":"Yellen rules out GOP plan to avert default on government debt"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Treasury Secretary <a class=\"gtmContentClick\" data-vars-link-text=\"Janet Yellen\" data-vars-click-url=\"https:\/\/www.axios.com\/2023\/01\/11\/janet-yellen-biden-treasury-secretary\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/www.axios.com\/2023\/01\/11\/janet-yellen-biden-treasury-secretary\" target=\"_self\" rel=\"noopener\">Janet Yellen<\/a> is ruling out a <a class=\"gtmContentClick\" data-vars-link-text=\"potential proposal\" data-vars-click-url=\"https:\/\/www.washingtonpost.com\/us-policy\/2023\/01\/13\/debt-ceiling-gop-plan\/\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/www.washingtonpost.com\/us-policy\/2023\/01\/13\/debt-ceiling-gop-plan\/\" target=\"_blank\" rel=\"noopener\">potential proposal<\/a> from House Republicans that calls for triaging payments after the exhaustion of &#8220;extraordinary measures&#8221; to avoid default on the federal debt.<\/p>\n<p><strong>The big picture:<\/strong> The U.S. has reached its $31.4 trillion <a class=\"gtmContentClick\" data-vars-link-text=\"debt ceiling\" data-vars-click-url=\"https:\/\/www.axios.com\/2023\/01\/17\/debt-ceiling-yellen-congress\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/www.axios.com\/2023\/01\/17\/debt-ceiling-yellen-congress\" target=\"_self\" rel=\"noopener\">debt ceiling<\/a>, the Treasury Department announced on Thursday, with <a class=\"gtmContentClick\" data-vars-link-text=\"no obvious deal in sight.\" data-vars-click-url=\"https:\/\/www.axios.com\/2023\/01\/19\/debt-ceiling-fight-biden-congress-republicans\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/www.axios.com\/2023\/01\/19\/debt-ceiling-fight-biden-congress-republicans\" target=\"_self\" rel=\"noopener\">no obvious deal in sight.<\/a><\/p>\n<p><strong>Yellen said Friday<\/strong> that <a class=\"gtmContentClick\" data-vars-link-text=\"any failure\" data-vars-click-url=\"https:\/\/www.axios.com\/2023\/01\/19\/congress-debt-ceiling-extraordinary-measures\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/www.axios.com\/2023\/01\/19\/congress-debt-ceiling-extraordinary-measures\" target=\"_self\" rel=\"noopener\">any failure<\/a> to pay a government bill would constitute a debt default, insisting that her department doesn\u2019t have the \u201csystems\u201d to prioritize debt payments.<\/p>\n<ul>\n<li>The draft GOP proposal, reported by The Washington Post, would buy time on the debt limit.<\/li>\n<li>But the debt prioritization it leans on would essentially be picking winners and losers on who gets paid, pitting Social Security recipients against, say, U.S. military personnel.  <\/li>\n<li>The proposal <a class=\"gtmContentClick\" data-vars-link-text=\"has been savaged\" data-vars-click-url=\"https:\/\/twitter.com\/WHCOS\/status\/1614291974307348482?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1614291974307348482%7Ctwgr%5E97ed8c34c3c766d5714ec206c3a1cc1bf6699533%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FWHCOS2Fstatus2F1614291974307348482widget%3DTweet\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/twitter.com\/WHCOS\/status\/1614291974307348482?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1614291974307348482%7Ctwgr%5E97ed8c34c3c766d5714ec206c3a1cc1bf6699533%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FWHCOS2Fstatus2F1614291974307348482widget%3DTweet\" target=\"_blank\" rel=\"noopener\">has been savaged<\/a> by White House Chief of Staff Ron Klain.<\/li>\n<\/ul>\n<p><strong>Driving the news:<\/strong> In a brief press exchange at the Presidential Palace in Dakar, Senegal,<strong> <\/strong>Yellen gave both historical and technical arguments for why Congress needs to raise the debt limit.<\/p>\n<ul>\n<li>\u201cA failure on the part of the United States to meet any obligation, whether it&#8217;s the debt holders, members of our military, or to Social Security recipients, is effectively a default,\u201d she said. <\/li>\n<li>\u201cI will also say that Treasury systems have all been built to pay our bills, to pay all of our bills when they are due and on time and not to prioritize one form of spending over another.\u201d<\/li>\n<\/ul>\n<p><strong>Go deeper:<\/strong> <a class=\"gtmContentClick\" data-vars-link-text=\"Yellen slams Russia and China in Africa speech\" data-vars-click-url=\"https:\/\/www.axios.com\/2023\/01\/20\/yellen-africa-speech-russia-china\" data-vars-content-id=\"ae313f28-e378-4d3f-a467-f84eaa504ec5\" data-vars-headline=\"Yellen rejects GOP gambit on debt ceiling\" data-vars-event-category=\"story\" data-vars-sub-category=\"story\" data-vars-item=\"in_content_link\" href=\"https:\/\/www.axios.com\/2023\/01\/20\/yellen-africa-speech-russia-china\" target=\"_self\" rel=\"noopener\">Yellen slams Russia and China in Africa speech<\/a><\/p>\n<p><span data-ad-status=\"NO_AD_LENGTH\" data-ad-type=\"midStoryAd\"\/><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiTGh0dHBzOi8vd3d3LmF4aW9zLmNvbS8yMDIzLzAxLzIwL3llbGxlbi10cmVhc3VyeS1kZWJ0LWNlaWxpbmctcHJpb3JpdGl6YXRpb27SAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen is ruling out a potential proposal from House Republicans that calls for triaging payments after the exhaustion of &#8220;extraordinary measures&#8221; to avoid default on the federal debt. The big picture: The U.S. has reached its $31.4 trillion debt ceiling, the Treasury Department announced on Thursday, with no obvious deal in sight. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":44945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44944"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=44944"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/44945"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=44944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=44944"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=44944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}