Treasury Secretary Janet Yellen warned on Friday that the looming government shutdown could undermine U.S. economic progress and hurt American families.
FOX News senior congressional correspondent Chad Pegram reports on Congress’ efforts to avoid a government shutdown.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."
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee meeting in Washington, December 13, 2017. "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.
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