Yellen warns government shutdown would be 'dangerous and unnecessary'
FOX News senior congressional correspondent Chad Pegram reports on Congress’ efforts to avoid a government shutdown.
Treasury Secretary Janet Yellen sounded the alarm on Friday over the looming government shutdown, warning that it risks creating economic headwinds and hurting American families.
In remarks at the Port of Savannah in Georgia, Yellen said it is critical that House Republicans take steps to ensure that the government remains open.
«When I left Washington this morning, it was still unclear whether Congress would pass legislation in time to avoid a dangerous and unnecessary shutdown,» she said. «It is crucial that House Republicans also do their jobs and move quickly to keep the government open and adequately fund key priorities.»
GOVERNMENT SHUTDOWN LOOMS IF CONGRESS DOESN'T ACT: WHAT TO KNOW
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, December 13, 2017. (Reuters/Jonathan Ernst) (Reuters/Jonathan Ernst / Reuters Photos)
The consequences of a federal shutdown could be far-ranging, according to Yellen.
«A shutdown would impact many key government functions – from loans to farmers and small business, to food and workplace safety inspections, to Head Start programs for children,» she said. It could also delay major infrastructure projects underway that are intended to modernize the economy.
THE SPEAKER’S LOBBY: THE HITCHHIKER’S GUIDE TO A POSSIBLE GOVERNMENT SHUTDOWN
A shutdown appears all but certain after a faction of hard-line Republicans tanked a last-minute bid by House Speaker Kevin McCarthy on Friday afternoon to keep the government temporarily open.
The White House and Democrats also rejected
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