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Yellen says U.S. debt ceiling hike by lame-duck Congress would be 'great'

Published 11/13/2022, 05:15 AM
Updated 11/13/2022, 07:00 AM
© Reuters. U.S. Treasury Secretary Janet Yellen speaks during her interview with Reuters in New Delhi, India, November 11, 2022. REUTERS/Altaf Hussain

NUSA DUA, Indonesia (Reuters) - 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, but she would still like to see a debt ceiling increase approved before year-end in Congress's post-election "lame duck" session.

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks at a news conference during the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 14, 2022. REUTERS/Elizabeth Frantz/File Photo

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.

"We want to see the debt ceiling get done. If it got done in the lame duck, that would be great, as far as I'm concerned," Yellen said.

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