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Debt limit will be hit day after Trump’s inauguration
US will hit debt limit on Tuesday, Treasury's Yellen warns in letter. What happens next?
Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.
Yellen: Treasury starts "extraordinary measures" Jan. 21 to avoid debt limit
Treasury secretary Janet Yellen, in one of her final major acts in office, warned Congress late Friday that the Treasury will need to begin "extraordinary measures" on Tuesday to avoid hitting the debt limit.
Federal government to hit $36T debt limit on Tuesday
President-elect Donald Trump will take charge of a federal government that will reach its self-imposed debt limit of $36 trillion dollars a day after he is sworn in on Monday.
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Yellen Warns America’s $36 Trillion Debt Ceiling Is Close
Janet Yellen, US treasury secretary, wrote in a letter to congressional leaders Friday that she was advising them “of the ...
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U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
A Congressional Budget Office report shows debt closing in on a post-World War II high as a share of GDP.
Reuters
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US Treasury to launch measures to avoid debt limit breach on Tuesday
Yellen said the
Treasury
would suspend investments in two government employee benefit funds through March 14, to claw back borrowing capacity under the $36.1 trillion
debt
ceiling
. As of ...
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on MSN
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
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