Yellen Says the US Can Afford to Fund Wars in Gaza and Ukraine

Treasury Secretary Janet Yellen insisted on Monday that the US could “certainly” afford to fund the war in Ukraine and Israel’s onslaught on Gaza as the White House is looking for more military aid for both conflicts.

Yellen’s comments came a day after President Biden said the US could fund both wars. “We’re the United States of America for God’s sake, the most powerful nation in the history — not in the world, in the history of the world. The history of the world. We can take care of both of these and still maintain our overall international defense,” he said on 60 Minutes.

Yellen said the House needs to elect a new speaker so the new funding could be authorized. “We do need to come up with funds, both for Israel and for Ukraine. This is a priority,” she said. “It’s really up to the House to find, seat a speaker and to put us in a position where legislation can be passed.”