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Yellen Says U.S. Debt Ceiling Hike by Lame-duck Congress Would be 'Great'

She would like to see the increase approved before year-end

The U.S. Treasury Secretary Janet Yellen on Sunday said that the Democrats' clinching of U.S. Senate control makes things easier for the Biden administration.

However, she would still like to see a debt ceiling increase approved before year-end in Congress's post-election "lame duck" session.

Yellen told reporters on the sidelines of G20 summit meetings in Bali that Senate control by Democrats would ease the path for approving nominations and other legislative actions.

Please select this link to read the complete article from Reuters.

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