Yellen Dismisses Moody's Negative U.S. Debt Outlook, Citing Strong Economy and Biden Deficit Plans
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Yellen disagrees with Moody's negative outlook on U.S. debt, citing a strong economy and safe, liquid Treasury market.
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Moody's lowered its U.S. credit rating outlook to negative due to large deficits and declining debt affordability.
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Yellen acknowledges rising interest rates could challenge debt sustainability if sustained.
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Biden administration committed to credible, sustainable fiscal path with deficit reduction plans.
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Yellen calls on House Republicans to avoid a partial government shutdown.