Comment on U.S. to Hit Debt Limit Next Month

U.S. to Hit Debt Limit Next Month

“Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- to late-January, starting the clock on a major fiscal challenge facing President-elect Donald Trump in his first months in office,” Politico reports. New York Times: “The debt limit was suspended in June 2023 after a contentious negotiation over federal spending, work requirements for receiving government benefits and funding for the Internal Revenue Service.

 

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