18 October 2023
Treasury Secretary Janet Yellen stated on Monday that despite the towering U.S. debt-to-GDP ratio of 122%, the country will still support both Ukraine and Israel in their war efforts. During an interview with Sky News, when questioned about the nation’s capability to provide military aid considering its staggering debt, Yellen responded affirmatively. However, her optimism contrasts with the nation’s swelling debt concerns, casting doubts on the long-term economic implications of such commitments.