Yellen warns against extending Trump's first-term US tax cuts

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WASHINGTON - US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits.

In her speech, Yellen also said that it was critical for the United States to sustain investments in cutting-edge industries and research and development.

Cost of living concerns were a major voter concern during November's presidential election, which propelled Trump to victory.

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Article Details

Category: EconomyBusiness

Markets: ThailandUnited States

Topics: Trump Deficits Yellen Treasury Policies Cuts Fiscal Policy Biden Projected Major

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 08:45:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25185016

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 23 posts per day

Year Established: 1946

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News Last Updated: 3 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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