‘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.
US Treasury Secretary Janet Yellen has warned in a letter to Congress that the US could hit its debt limit as early as ...
The United States could come up against its debt ceiling as soon as in mid-January, Treasury Secretary Janet Yellen said Friday, urging Congress to "act to protect the full faith and credit" of the ...
The Treasury Department on Friday said the government is beginning to run out of money to finance its debt obligations.
The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to ...
The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...
Lawmakers will have to authorize additional borrowing to pay the government's bills, but there's no reason it has to be done ...
10hon MSN
Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish.
CDLAC has a population-based formula to determine the cap. CDLAC was created to set and allocate California's annual debt ...
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