YELLEN: RISING DEFICIT IS UNSUSTAINABLE

Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'

• "If I had a magic wand, I would raise taxes and cut retirement spending," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C., who characterized the U.S. debt path as "unsustainable."
• Yellen noted this will only get worse as more baby boomers retire and spending on retirement and health care programs grow.

https://www.cnbc.com/2018/10/30/yellen-says-rising-us-deficit-unsustainable-if-i-had-a-magic-wand-i-would-raise-taxes.html