Yellen says US can afford to support wars in both Ukraine and Israel

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Yellen says US can afford to support wars in both Ukraine and Israel
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Zachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.

Treasury Secretary Janet Yellen said Monday that the United States has the means to help bankroll both the war in Ukraine and Israel’s war against Hamas.

Yellen also emphasized that it is crucial that as part of Israel’s war against Hamas that civilian lives should be spared to the “maximum extent possible.” After the Hamas attack, Israel began an intense military bombardment of the Gaza Strip that has resulted in the deaths of more than 2,000 people there, according to the Associated Press.

After McCarthy was voted out as speaker on Oct. 3, there was a hurried scramble to fill the vacancy, an effort that was made even more pressing by the war in Israel. Yellen also addressed the broader economic fallout emanating from the Israel-Hamas war. She said on Monday that it is still too early to understand the full economic ramifications of the conflict.

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