US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg […]