Yellen warns Treasury hits new limit by January 23, triggering extraordinary measures.

Source: https://citizenwatchreport.com/yellen-warns-treasury-hits-new-limit-by-january-23-triggering-extraordinary-measures/
Published: Dec 28, 2024
Author: Horse
Post Date: 2024-12-28 10:52:26 by Horse
Views: 45

As Treasury Secretary Janet Yellen recently warned, the U.S. Treasury expects to hit its debt ceiling sometime between January 14 and January 23. This means the government will no longer be able to borrow more money unless Congress acts to raise or suspend the limit. If that doesn’t happen, the Treasury will need to start using what’s called “extraordinary measures” to keep things running—temporary fixes like pausing investments in certain government accounts.

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