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You are here News Economy Treasury Secretary Janet Yellen: Banning Abortion Would Hurt U.S. Economy

Treasury Secretary Janet Yellen: Banning Abortion Would Hurt U.S. Economy

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Janet YellenNew restrictions on abortion access would burden the economy, Treasury Secretary Janet Yellen warned Tuesday.

“Eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades,” Yellen testified in front of the Senate Banking Committee.

A leaked draft opinion from the Supreme Court revealed last week that the justices are poised to overturn Roe v. Wade, the landmark 1973 precedent that legalized abortion nationwide. The court confirmed the authenticity of the opinion but said it’s not final.

Yellen’s testimony offered a reminder that overturning Roe would have massive consequences for people’s lives — and, by extension, the U.S. economy.

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