WATCH LIVE: Treasury Secretary Yellen to testify in front of finance committee

The meeting will be convened by Senate Finance Committee Chairman Ron Wyden , and the stated topic is “The President’s Fiscal Year 2024 Budget.”Yellen testified in front of the committee's House equivalent last week, and she received a frosty reception from its majority-Republican members. It was her first testimony since the Republicans seized majority control.

She was grilled over the Biden administration's annual budget proposal, which included $6.9 trillion in spending for fiscal 2024, resulting in an estimated $17 trillion deficit over the next decade.Her reception in the Democratic-controlled Senate is likely to be somewhat more relaxed, but the topic is likely to shift to the administration's handling of the Silicon Valley Bank collapse.

Yellen ruled out bailing out SVB, but she pledged that depositors would get their money back without specifying how.

SecYellen He needs to payback Medicare and drop this green Entergy crap and LGBTQ crap. Tax payers don’t want to fund these 2. Groups. Budget is a waste of money.

SecYellen This person is so detached from reality on so many levels, and yet she heads a critical office. We're living in the age of the new kings (and queens).

SecYellen B belongs spending her days in a bingo hall!

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Stocks leap higher on Wall Street, led by beaten down banks: Watch LiveStocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. You can only flood the market with cheap printed devalued dollars so many times. There can only be so many bailouts. At some point, kicking the can down the road will result in a boomerang effect. Try urinating against the wind, see how that works out for you.
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Source: ABC7NY - 🏆 592. / 51 Read more »