Treasury Secretary Janet Yellen asserted on Saturday that House Republicans attempting to negotiate spending cuts amid the renewed debt ceiling battle are “very irresponsible.”
The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
"As an advocate for transparency and reform, I will pursue the truth, conduct effective oversight, and fight to root out waste, fraud, and abuse throughout the federal government," the Colorado rep said.
The Biden administration has failed to comply with the House Oversight Committee’s investigation into President Joe Biden’s mishandling of top secret documents after promising the “highest standards of transparency” in United States history.
On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.