Yellen tells Congress U.S. could hit debt limit in mid-January - NPR
6 days ago · Yellen told Congress 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 Jan. 14.
Debt ceiling: Republicans still have to deal with the debt limit in ...
6 days ago · Republicans will still have to deal with the debt ceiling in 2025. Here’s what you need to know. Link Copied! Congress passed a temporary federal government funding bill last week, but it did...
Janet Yellen warns Congress US could hit debt limit in January | AP News
Dec 27, 2024 · The news comes after President Joe Biden signed a bill into law last week that averted a government shutdown but did not include President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. The bill was approved by Congress only after fierce internal debate among Republicans over how to handle Trump’s ...
Janet Yellen says Treasury Department will need to take ... - NBC News
6 days ago · As the government faced an ultimately averted shutdown last week, one of the issues Congress debated was increasing or even eliminating the debt ceiling. The federal debt stands at roughly $36 ...
Secretary of the Treasury Janet L. Yellen Sends Letter to …
Dec 27, 2024 · WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit.The full text of the letter can be found here and is available below. The Honorable Mike JohnsonSpeakerU.S. House of RepresentativesWashington, DC 20515 Dear Mr. Speaker:I write to apprise you of certain upcoming events and actions related to the ...
Yellen Issues Debt Limit Warning to Congress - The New York Times
6 days ago · The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit. Listen to this article · 3:47 min Learn more Share full article
What is the debt ceiling? Here's why Trump wants Congress to ... - CBS News
Dec 20, 2024 · Set by Congress, the debt ceiling, or limit, is the maximum amount of money the U.S. Treasury is authorized to borrow to pay debts incurred by the federal government. Lifting the debt ceiling does ...
Just days to spare, Senate gives final approval to debt ceiling deal ...
Jun 2, 2023 · Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package. It's now on its way to President Joe Biden’s desk to become law before a fast-approaching deadline. The Senate ground through late-night voting Thursday to wrap up work on the hard-fought deal.
Biden and McCarthy reach a final deal to avoid US default and …
May 29, 2023 · The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it.
Congress approves debt deal, averting a US default - BBC
Jun 2, 2023 · The US Senate passes a bipartisan debt limit bill to avoid a default after weeks of tense negotiations. Senators first considered 11 amendments.