U.S. Treasury's Adeyemo sees no ability to 'triage' payments without
debt limit hike
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[May 26, 2023]
WASHINGTON (Reuters) - Deputy U.S. Treasury Secretary Wally
Adeyemo said on Friday that the U.S. government does not have the
capability to "triage" payment priorities if the debt ceiling is not
raised, adding that invoking the 14th amendment to issue debt will not
solve the government's challenges. |
U.S. Deputy Treasury Secretary Wally Adeyemo
attends the National Action Network National Convention in New York,
U.S., April 8, 2022. REUTERS/Eduardo Munoz/File Photo |
|
Speaking on CNN as the White House and congressional Republicans
neared an agreement that would cap spending and raise the
borrowing cap, Adeyemo said: "I don't have any confidence that
we have the ability to be able to do a type of prioritization
that will mean that all seniors, all veterans, all Americans get
paid."
(Reporting by Doina Chiacu and David Lawder; Editing by Doina
Chiacu)
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