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Yellen Says ‘Extraordinary Measures’ to Avoid Default Will Start in Mid-January
WASHINGTON—Treasury Secretary Janet Yellen said the U.S. will hit its borrowing limit in the middle of next month, triggering the use of “extraordinary measures” to keep the federal government from defaulting on its obligations.
Janet Yellen says Treasury will need to take 'extraordinary measures' to avoid default 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.
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,
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.
'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.
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US warns about risk of default
The United States is expected to reach its national debt ceiling in January, as confirmed by Finance Minister Janet Yellen.
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What is the debt ceiling, and is Trump right that a default 'could mean nothing'?
The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to ...
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