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Yellen Urges Congress to Act on Long-Term Budget Challenges

Federal Reserve Chair Janet Yellen, taking a page from her predecessor, urged the U.S. Congress on Thursday to address the nation's long-term budget challenges, warning that the current course was unsustainable. “We can see that going out 20, 30, 50 years without some further shifts in fiscal policy, it's projected that the ratio of debt to GDP will rise to unsustainable levels,” Yellen told the Senate Budget Committee. “I would join my predecessor in saying that I...

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