: Fight Over House Speaker Job Offers ‘ominous Portent Of How The U.s. Debt-ceiling Fight Will Go,’ Analyst Says

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Treasury Secretary Janet Yellen speaks to reporters during her trip to China. Pedro Pardo/AFP/Getty ImagesTreasury Secretary Janet Yellen wrote a letter to House Speaker Mike Johnson Friday. In it, she warned that the US would breach its debt limit as soon as January 14 unless Congress acted. The Treasury Department will begin taking "extraordinary measures" to avoid defaulting on debt.