How Do We Avoid the Next Debt Limit Debacle?
New York Times Op-Ed
How Do We Avoid the Next Debt Limit Debacle?
New York Times Op-Ed
December 21, 2021
By Todd Gibbons
Chief Executive Officer,
BNY Mellon
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"Once again, a last-minute Congressional deal prevented the U.S. government from defaulting for the first time ever on its financial obligations. Congress passed a debt ceiling increase of $2.5 trillion on Dec. 14, a day before Treasury Secretary Janet Yellen’s deadline to address the federal debt limit."
This op-ed was originally published in the New York Times on December 21, 2021.
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