Janet Yellen Addresses Concerns About U.S. National Debt

Treasury Secretary Janet Yellen addresses concerns about the U.S. national debt, emphasizing the need to stabilize the debt-to-GDP ratio. Despite a debt of $34.7 trillion, Yellen expresses confidence in President Biden’s plans for deficit reduction. With escalating debt costs and deficits, Yellen highlights the importance of managing interest burdens and ensuring financial stability amidst rising financing costs.