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 early as January 14,
'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.
Yellen Warns ‘Extraordinary Measures’ Will Be Needed to Avoid Default
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
Treasury Janet Yellen warns of debt ceiling crisis in US
In a letter sent to congressional leaders on Friday, Yellen explained that the Treasury expects to reach the statutory debt ceiling between January 14 and January 23, 2025. Once this limit is reached, the department will deploy special accounting measures to avoid breaching the debt ceiling.
Janet Yellen says Treasury will need to take 'extraordinary measures' to avoid debt ceiling next month
The notification to Congress is the clearest sign yet that the fight to avoid default will likely take place in the early months of the new Trump administration.
‘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.
Yellen says extraordinary measures to avoid default will begin as soon as Jan. 14
Treasury Secretary Janet Yellen suggested in a letter to Congress on Friday that the department doesn’t think the U.S. will need to take “extraordinary measures” on Jan. 2 to avoid defaulting on its obligations,
US federal government nears debt-ceiling limit, Yellen warns
The United States government has less than three weeks to raise its debt limit before it will need to take “extraordinary measures” to sustain federal operations, Treasury Secretary Janet L. Yellen says In a letter to members of Congress,
Your Morning: Janet Yellen tells Congress US could hit debt limit in mid-January
Welcome to the Your Morning newsletter, featuring the latest news across America! It’s Saturday, Dec. 28, 2024, and there’s a lot happening today.
Yellen: US will hit debt ceiling in mid- or late-January
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.
Janet Yellen expects the US to hit debt limit before the end of January
Treasury Secretary Janet Yellen said her department will soon need to take "extraordinary measures" to prevent the US from defaulting on its debt.
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Treasury secretary sends warning urging Congress to act on debt limit
Treasury Secretary Janet Yellen warned Congress on Friday that "extraordinary measures" will be necessary as early as Jan. 14 ...
Republicans will still have to deal with the debt ceiling in 2025. Here’s what you need to know
Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish.