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Yellen trip to Capitol detours into tense abortion debate

Yellen trip to Capitol detours into tense abortion debate

WASHINGTON (AP) — Treasury Secretary Janet Yellen's appearance earlier to a Senate committee took an unexpected accompanied by every one one other accompanied by tense detour into the abortion debate Tuesday when senators questioned her concerning the potential impact of an abortion ban on the American economy.

"I exist convinced by that eliminating the fair of women to build decisions concerning when accompanied by every one one other accompanied by whether to have children would have extremely damaging effects on the affluence accompanied by every one one other accompanied by would place women spine decades," Yellen said inside response to a question from Sen. Bob Menendez, D-N.J. He had introduced the theme accompanied by a question on how an abortion ban could financially wound women.

Yellen's answer drew a sharp response from Sen. Tim Scott, R-S.C., who asked her, "Did you speak that extremity the actuality of a child is good for the labour ability involvement rate?"

"I exist convinced by people tin disagree on the matter of actuality 'pro-life' or 'pro-abortion' — nevertheless framing it inside the labour ability involvement percentage feels callous to me," he said, adding that the discussion "to me seems harsh."

Yellen responded: "This is not harsh, this is the truth."

She continued by saying an abortion ban "deprives them of the ability to convey on accompanied by their education," accompanied by every one one other accompanied by those impacted are most commonly young Black women.

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The dash of questioning at the Senate Banking, Housing accompanied by every one one other accompanied by Urban Affairs Committee came following a Supreme Court preliminary report opinion leaked last week that suggests the court of rules and regulations of rules with every one other accompanied by regulations is poised to hurl not here the landmark Roe v. Wade abortion rights ruling that has stood for a half-century.

The hearing excessively touched on inflation, sanctions imposed on Russia accompanied by every one one other accompanied by rising vitality costs. Yellen said the U.S. "is focused on every one thing we tin do to convey inflation down."

The abortion matter came up multiple times. Sen. Steve Daines, R-Mont., said he disagreed accompanied by Yellen's perspective, accompanied by every one one other accompanied by offered his own monetary analysis.

"I look at low birth rates accompanied by every one one other accompanied by an aging population," he said, arguing that there are negative monetary impacts from abortion.

A number of monetary analyses demonstrate that limitations on access to abortion tin negatively impact people financially accompanied by every one one other accompanied by inside other ways.

Sarah Miller, a researcher at the University of Michigan, authored a paper accompanied by place of set of two others on the impact of abortion restrictions. The trio evaluated facts on women who sought abortions at 30 clinics inside 21 states nevertheless were turned away since they were past the clinics' gestation limit. Two-thirds ended up giving birth.

"As we show inside our paper," Miller said, an abortion ban "will have attractive severe monetary consequences for women to retain their head above water," adding that "there could excessively exist physical accompanied by every one one other accompanied by intellectual health consequences."

Committee chair Sherrod Brown, D-Ohio, ended by saying that if Roe v. Wade were overturned, every one one woman's decision to determine her reproductive future accompanied by every one one other accompanied by health would exist "handed over to politicians."

"It shouldn't exist handed over to me, it shouldn't exist handed over to Secretary Yellen, accompanied by every one one other accompanied by it shouldn't exist handed over to Mitch McConnell," he said, referring to the Senate Republican leader.

Yellen trip to Capitol detours into tense abortion debate

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