‘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.
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US to hit new debt limit as soon as Jan 14 — YellenThe United States could come up against its debt ceiling as soon as in mid-January, Treasury Secretary Janet Yellen said ...
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 ...
A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a ...
A default on United States government debt owing to the debt ceiling isn’t likely, but should one happen, here’s what the damage could look like. The Congress fight over raising the ...
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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Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish.
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