Treasury Secretary Janet Yellen notiified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to what it calls “extraordinary measures”
Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to "extraordinary measures" to avoid default.
Treasury Secretary Janet Yellen warned congressional leadership Friday that the national debt limit will be reached Thursday. She said "extraordinary measures" will be taken if the debt limit isn't raised.
“Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,” Treasury Secretary Janet Yellen said.
Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
The United States will hit the federal debt limit next week and they Treasury will being taking action to keep the government from defaulting on its debt, Treasury Secretary Janet Yellen announced.
Republicans insist any increase in the debt limit must be accompanied by a reduction in spending, but Biden and the Democrats are refusing to negotiate.
In a letter to Congress, Treasury Secretary Yellen said the U.S. could hit its debt limit by January 19th and warned Speaker McCarthy that the Treasury will have to take “extraordinary measures” to avoid a default.
Treasury Secretary Janet Yellen said on Friday the U.S. is projected to reach its roughly $31.4 trillion borrowing limit on Jan. 19. In a letter to Speaker Kevin McCarthy (R-CA) and other…
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