Reported 5 months ago
Treasury Secretary Janet Yellen emphasized the need to boost revenue to address the challenges posed by a projected higher interest rate environment in the US, which will make it more difficult to manage borrowing needs and interest expenses. Yellen highlighted the importance of negotiating with Republican lawmakers to ensure the nation's fiscal sustainability, discussing the administration's budget proposals and the impact of rising interest rates on debt servicing costs. She also mentioned upcoming tax negotiations and the potential implementation of a global corporate minimum tax deal as ways to address revenue needs.
Source: YAHOO