Treasury secretary on debt ceiling debate: 'It's flirting with a self-inflicted crisis'
CNN
Treasury Secretary Janet Yellen said Thursday that the debate over the US debt ceiling amounts to "flirting with a self-inflicted crisis" but that everyone "breathed a sigh of relief" after Democrats and Republicans reached a deal to avert economic disaster.
"It's important that we have met that deadline and didn't go, you know -- it looks like it will be voted on this evening -- that we haven't gone right up against the wire. But we do need to settle it longer term," Yellen told CNN's Erin Burnett on "OutFront."
"You know, what we're really talking about here is can you count on the government to pay its bills? It's not about future spending or taxes. We've incurred bills. Can the government be counted on to pay those bills? And Americans, whether it's people waiting for a Social Security check or military pay or bondholders who regard US Treasuries as the safest asset in the world, they need to never question that the United States will pay its bills."
President-elect Donald Trump has selected Russell Vought as his pick to lead the Office of Management and Budget, he said in a Truth Social post.
President-elect Donald Trump on Friday announced Republican Rep. Lori Chavez-DeRemer of Oregon as his pick to serve as the next secretary of the Department of Labor.
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The Supreme Court agreed Friday to wade into a fight over Congress’ ability to delegate power to federal agencies — opening the next chapter in a decadeslong effort by conservatives and business interests to reduce the power of the federal government.
At least three professional sports leagues warned their teams this week that organized and skilled groups are targeting the homes of athletes for break-ins, including while the players are away at games. The warnings came after reports of burglaries at the homes of players in the NBA and the NFL.
The Nicaraguan parliament, dominated by the ruling Sandinista Front, on Friday approved a constitutional reform that hands more power to President Daniel Ortega as well as the Central American nation’s police and military.
A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran.
Gorilla at Calgary Zoo died after worker mistakenly activated wrong door, zoo officials say
President-elect Donald Trump is expected to offer Kelly Loeffler the job as of secretary of the Department of Agriculture, two people familiar with the matter told CNN.
Former Florida Rep. Matt Gaetz, who withdrew from consideration as President-elect Donald Trump’s pick for attorney general on Thursday, said Friday he will not be returning to Congress next year.
Republican Dave McCormick will defeat Pennsylvania Sen. Bob Casey, CNN projects, boosting the GOP majority in the Senate next year.