U.S. Treasury Secretary Janet Yellen warned that the government is on track to hit the debt ceiling between January 14 and January 23, prompting the need for “extraordinary measures” to prevent a default. Yellen urged Congress to act swiftly to lift the borrowing limit and protect the nation’s creditworthiness.
Virginia Beach, Va. USA - November 14, 2013: A studio shot of multiple coupons for a various of different products from American manufacturers to take money off the items being purchased. This proves a great way for Americans to save on their spending budget.
Jacksonville woman charged after buying thousands of dollars worth of fraudulent coupons2024 marked a year of cosmic strides, setbacks, surprises in space explorationSave on gifts, travel essentials and more with these Insider DealsYou got everyone else a gift, now here’s one for you: 31% off Beats earbudsFILE - U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on Jan. 8, 2024. (AP Photo/Susan Walsh, File)said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the statutory debt ceiling between January 14 and January 23,' Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which has been suspended until Jan. 1, 2025.The department has in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. But once those measures run out the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. 'I respectfully urge Congress to act to protect the full faith and credit of the United States,' she said.After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Ja
DEBT CEILING ECONOMY GOVERNMENT SPENDING CONGRESS FINANCIAL CRISIS
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