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Bookmark or Share- Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional ...As you know, the debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. In June 2023, the Fiscal Responsibility Act of 2023 was ...
- Yellen: US will hit debt ceiling in mid- or late-JanuaryThe debt limit has been suspended since June 2023 when Congress passed a bipartisan deal reached between then-House Speaker Kevin McCarthy and President Joe Biden. Under that law, the limit on ...
- Yellen Issues Debt Limit Warning to Congress - The New York TimesThe national debt exceeds $36 trillion, about $5 trillion more than it was when lawmakers suspended the ceiling in 2023. When the debt limit is reinstated on Thursday, it will automatically ...
- Debt Limit - U.S. Department of the TreasuryThe debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.
- Everything You Need to Know About the Debt CeilingCongress controls how much money the United States can borrow. Here’s a look at why that is and what it means. The debt limit is a cap on the total amount of money that the United States is...
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