Outgoing Treasury Sec. Yellen 'sorry that we haven't made more progress,' believes deficit must be decreased
Fox News
Treasury Sec. Janet Yellen, who will leave office next month, discussed the deficit at the Wall Street Journal's CEO Council Summit, noting that she's "concerned about fiscal sustainability."
She made the comments during the Wall Street Journal's CEO Council Summit after Greg Ip, chief economic commentator for the outlet, noted that President Joe Biden and Yellen are leaving behind a big budget deficit. "Are you sorry you couldn't make more progress on that?" he asked. Ip also asked Yellen how much risk the issue presents to the economy. Alex Nitzberg is a writer for Fox News Digital.
"Well I am concerned about fiscal sustainability. And I am sorry that we haven't made more progress. I believe that the deficit needs to be brought down, especially now that we're in an environment of higher interest rates," Yellen replied.
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