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  • Yellen: $20 trillion national debt 'should keep people awake at night'

    11/29/2017 12:12:00 PM PST · by DCBryan1 · 92 replies
    CNBC ^ | 29 NOV 17 | Jeff Cox | @JeffCoxCNBCcom
    With Congress wrestling over a tax reform plan that critics say would explode the government budget deficit, Federal Reserve Chair Janet Yellen said she also is concerned over the surging level of public debt. A Senate committee passed the GOP-sponsored proposal, which would slash the corporate tax rate and lower individual income rates for many Americans.However, the price tag of the plan is in the area of $1.5 trillion at a time when the Congressional Budget Official already is projecting a deficit of more than $1 trillion in the years ahead and with the total debt level at $20.6 trillion...