Raising Debt Ceiling Is Latest 'fiscal Cliff' Hitch

Also stalling partisan negotiations is the issue of higher taxes for the top 2% of earners.

BING NEWS:
  • Federal government to hit $36T debt limit on Tuesday
    President-elect Donald Trump will take charge of a federal government that will reach its self-imposed debt limit of $36 trillion dollars a day after he is sworn in on Monday.
    01/18/2025 - 5:21 am | View Link
  • Federal govt will hit debt ceiling day after Trump’s inauguration, forcing ‘extraordinary measures’: Treasury Secretary
    This letter serves to notify you, pursuant to 5 U.S.C. § 8348(l)(2), of the extraordinary measures that Treasury will begin using on January 21,” Yellen wrote in a letter to the leaders of the ...
    01/17/2025 - 10:57 am | View Link
  • Treasury to begin ‘extraordinary measures’ as US approaches debt cliff
    The breach of the debt ceiling officially starts the clock on how long Trump and Congress will have to act to avoid a financially catastrophic default.
    01/17/2025 - 9:55 am | View Link
  • Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
    In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the ...
    01/17/2025 - 4:12 am | View Link
  • Why the debt fight is going to get even worse next year
    On Jan. 1, the limit resumes on the U.S. national debt of more than $36 trillion. And Republicans are divided on how to handle the cliff, after the House shot down the incoming president's plan.
    12/30/2024 - 2:02 am | View Link
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