Yellen ‘sorry’ more progress wasn’t made on deficit

Treasury Secretary Janet Yellen expressed regret about the lack of significant advancement on addressing the deficit. The remarks were made in the context of ongoing discussions regarding fiscal responsibility.

Yellen emphasized the importance of tackling the deficit in future policy deliberations.

She described the cost of the nation’s debt as “one of the largest items responsible for the increase in the budget deficit.” The federal budget deficit reached $622 billion over the past two months, according to the Congressional Budget Office (CBO).