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*|MC_PREVIEW_TEXT|*<!–

View this email in your browser Contact: Hunter Lovell                                                              202-225-2190 Schweikert Urges Yellen to Provide Update on Treasury’s Debt Obligations WASHINGTON, D.C. — Yesterday, Congressman David Schweikert (AZ-01) sent a letter to U.S. Treasury Secretary Janet Yellen requesting an update on the Department’s efforts to exhaust its debt management tools to pay outstanding federal bills. This letter was sent in response to previous claims by the Department that outdated systems and technical problems have hampered its ability to resolve overdue payments. In 1985, the Government Accountability Office (GAO) determined that the Treasury Secretary has the authority to decide the order in which debt obligations are paid in the event that Congress does not raise the debt ceiling. Congressman Schweikert wrote to Secretary Yellen with the following questions: What progress has Treasury made in taking the measures outlined in the 1985 GAO decision? Has Treasury taken the necessary steps in upgrading their technical systems in order to accommodate these measures? To read the full letter, click here.   ### Congressman David Schweikert is serving his seventh term in the United States Congress. He holds a seat on the Ways and Means Committee and is the current Chairman of the Oversight Subcommittee. He is also the Lead House Republican on the bicameral Joint Economic Committee, co-chairs the Valley Fever Task Force with Speaker Kevin McCarthy, and is the Republican Co-Chair of the Blockchain Caucus, Telehealth Caucus, Singapore Caucus, and the Caucus on Access to Capital and Credit.   <!– –> <!– –> Copyright © 2023 Congressman David Schweikert, All rights reserved. You’re receiving this e-mail because you opted in with our staff. Our mailing address is: Congressman David Schweikert 460 Cannon House Office Building Washington, DC 20515-0001 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

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View original: http://eepurl.com/ijNPAP