“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.
BING NEWS:
- Janet Yellen tells Congress US could hit debt limit in mid-January
Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as ...
12/28/2024 - 5:52 am | View Link - 'Extraordinary measures': Treasury Sec. Yellen warns US could soon hit debt ceiling
Treasury Secretary Janet Yellen warned Congress that the country could hit the debt ceiling as soon as Jan. 14 in a letter sent Friday.
12/28/2024 - 5:49 am | View Link - Janet Yellen Warns Congress Will Need to Take 'Extraordinary Measures' to Avoid Hitting Debt Ceiling Next Month
Treasury Secretary Janet Yellen warned congressional leaders Friday that "extraordinary measures" will soon be required to prevent breaching the debt ceiling.
12/28/2024 - 1:33 am | View Link - Treasury secretary warns Congress as US nears its debt limit
Treasury Secretary Janet Yellen warned Congress on Friday that the U.S. will hit its debt limit unless the government takes "extraordinary measures" to avoid default. The notification likely means the ...
12/28/2024 - 12:48 am | View Link - US may hit new debt limit as early as Jan 14, Yellen says
The U.S. Treasury Department may need to take "extraordinary measures" by as early as Jan. 14 to prevent the United States from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers ...
12/27/2024 - 9:37 am | View Link - More
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