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Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

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Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

U.S. Treasury Secretary Janet Yellen testifies before a Senate Appropriations Financial Services and General Government Subcommittee hearing on President Biden’s proposed budget request for the Department of Treasury, on Capitol Hill in Washington, U.S., June 4, 2024. 

Anna Rose Layden | Reuters

Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy.

In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive $34.7 trillion debt load.

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