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U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says

  • Janet Yellen, the U.S. Treasury Secretary, stated that the United States can afford to support both Israel and Ukraine in their conflicts. She emphasized that it is a priority to provide funds for both countries.
  • Yellen acknowledged that it is too early to determine the economic consequences of the Israel-Hamas conflict, especially with the volatility of oil and natural gas prices. She called for international efforts to avoid the hostilities extending beyond Israel and Gaza.
  • Yellen urged Republicans in the House to fill the vacancy left by the removal of House Speaker Kevin McCarthy, in order to ensure greater financial support can be provided. She emphasized the need for collaboration to address the energy-driven cost of living crisis.
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