{"id":1556168,"date":"2022-07-15T10:34:46","date_gmt":"2022-07-15T14:34:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1556168"},"modified":"2022-07-15T11:41:47","modified_gmt":"2022-07-15T15:41:47","slug":"treasury-secy-yellen-gop-senators-discuss-economic-crisis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secy-yellen-gop-senators-discuss-economic-crisis\/","title":{"rendered":"Treasury Secy. Yellen, GOP senators discuss economic crisis"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftreasury-secy-yellen-gop-senators-discuss-economic-crisis%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1556168&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2724955\" class=\"wp-caption alignnone\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2724955\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/AP22189059415154.jpg\" alt=\"FILE - Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee on Capitol Hill in Washington, on June 8, 2022. Yellen will travel to Asia this month, her first trip to the Indo-Pacific since becoming head of the agency. She will represent the U.S. at the Group of 20 finance minister meetings in Bali. (AP Photo\/Jose Luis Magana, File)\" width=\"1024\" height=\"683\" aria-describedby=\"caption-attachment-2724955\" \/><\/p>\n<p id=\"caption-attachment-2724955\" class=\"wp-caption-text\">FILE \u2013 Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee on Capitol Hill in Washington, on June 8, 2022. Yellen will travel to Asia this month, her first trip to the Indo-Pacific since becoming head of the agency. She will represent the U.S. at the Group of 20 finance minister meetings in Bali. (AP Photo\/Jose Luis Magana, File)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>\nUPDATED 6:30 AM PT \u2013 Friday, July 15, 2022<\/h5>\n<p>Treasury Secretary Janet Yellen weighed-in on the latest inflation numbers while Republicans continue to blast the Biden administration over the rising costs of goods. While speaking out on the efforts by Biden officials to improve the economy, she pointed out that inflation is unacceptably high<\/p>\n<p>During a news conference Thursday, Yellen asserted the Biden administration\u2019s top economic priority is to bring inflation down. She claimed the labor market is currently very strong and in good shape, despite inflation hitting a 40-year record high this week.<\/p>\n<p>The Treasury secretary also said she would continue to push hard for a cap on the price of Russian oil to avoid future surges in oil prices. The official also said the administration is very supportive of the Federal Reserves efforts to lower inflation amid a number of recent interest rate hikes by the Central Bank.<\/p>\n<blockquote><p><strong>\u201cAlso the work that we\u2019re doing to institute the price cap on Russian oil to avoid potential future spikes in oil prices,\u201d Yellen noted. \u201cWe\u2019re very supportive of deficit reduction and very much hope that Congress will pass the reconciliation bill that would help lower some of the important costs faced by consumers.<\/strong><\/p><\/blockquote>\n<p>Her remarks came after GOP senators expressed alarm about inflation during a press briefing on Capitol Hill Wednesday. Republicans said the Biden administration needs to stop the reckless spending and increase production of supplies including oil in the US.<\/p>\n<p>Sen. James Lankford (R-Okla.) contends Democrat policies and laws that have drastically increased daily living expenses for Americans are to blame for the current economic crisis. He called on Democrats to stop federal spending and stop proposing tax hikes.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\">Biden &amp; the Democrats\u2019 \u201csolution\u201d to inflation is a tax increase\u2014which will raise prices even higher.<\/p>\n<p>They\u2019re literally making a bad situation even worse. <a href=\"https:\/\/t.co\/cMTc4ADRDn\">pic.twitter.com\/cMTc4ADRDn<\/a><\/p>\n<p>\u2014 Sen. James Lankford (@SenatorLankford) <a href=\"https:\/\/twitter.com\/SenatorLankford\/status\/1547625721891131395?ref_src=twsrc%5Etfw\">July 14, 2022<\/a><\/p>\n<p>https:\/\/twitter.com\/SenatorLankford\/status\/1547625721891131395?ref_src=twsrc%5Etfw<\/p><\/blockquote>\n<p>Sen. Todd Young (R-Ind.) called out the Biden administration for failing to provide answers on how to they will alleviate the economic crisis. He noted, inflation could have been avoided if Democrats did not pass their $1.5 trillion spending package.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\">Our current inflation crisis is the direct result of policy choices by Washington Democrats and is forcing the average U.S. household to spend an extra $5,200 this year. <a href=\"https:\/\/t.co\/ihkk5x2cdK\">pic.twitter.com\/ihkk5x2cdK<\/a><\/p>\n<p>\u2014 Senator Todd Young (@SenToddYoung) <a href=\"https:\/\/twitter.com\/SenToddYoung\/status\/1547663708251254786?ref_src=twsrc%5Etfw\">July 14, 2022<\/a><\/p>\n<p>https:\/\/twitter.com\/SenToddYoung\/status\/1547663708251254786?ref_src=twsrc%5Etfw<\/p><\/blockquote>\n<p>Republicans also said President Biden\u2019s rhetoric does not match the reality most Americans are facing. According to recent polling, Biden\u2019s approval rating remains low as many feel the country is headed in the wrong direction.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/ariz-riddled-with-culture-of-incompetence\/\">Ariz. Riddled With Culture Of Incompetence<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE \u2013 Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee on Capitol Hill in Washington, on June 8, 2022. Yellen will travel to Asia this month, her first trip to the Indo-Pacific since becoming head of the agency. She will represent the U.S. at the Group of 20 finance minister meetings &hellip;<\/p>\n","protected":false},"author":79,"featured_media":1888990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1556168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/treasury-secy-yellen-gop-senators-discuss-economic-crisis\/?utm_source=rss&utm_medium=rss&utm_campaign=treasury-secy-yellen-gop-senators-discuss-economic-crisis","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1556168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1556168"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1556168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1888990"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1556168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1556168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1556168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}