‘Extraordinary measures’ needed by mid-January to keep US from defaulting on national debt, Treasury Secretary Janet Yellen warns Congress
Yellen, in a letter to House and Senate leaders, noted that the nation’s debt ceiling — the total amount of money the federal government is authorized to borrow to pay for obligations such as Social Security and Medicare benefits — was suspended in June 2023 but will once again be in effect on Jan. 1.
WASHINGTON—Treasury Secretary Janet Yellen said the U.S. will hit its borrowing limit in the middle of next month, triggering ...
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The notification to Congress is the clearest sign yet that the fight to avoid default will likely take place in the early ...
Treasury Secretary Janet Yellen suggested in a letter to Congress on Friday that the department doesn’t think the U.S. will ...
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
US Treasury Secretary Janet Yellen has warned in a letter to Congress that the US could hit its debt limit as early as ...
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