U.S. Treasury Secretary Janet Yellen said that the United States would likely hit the statutory limit on its debt on January 19, forcing the Treasury to take 'extraordinary measures' to prevent a default
U.S. Treasury Secretary Janet Yellen speaks during her interview with Reuters in New Delhi, India, November 11, 2022. REUTERS/Altaf Hussain
"Once the limit is reached, Treasury will need to start taking certain extraordinary measures to prevent the United States from defaulting on its obligations," Yellen said in a letter to congressional leaders in which she urged lawmakers to act quickly to raise the debt ceiling. As of Wednesday, Treasury data showed that U.S. federal debt stood $78 billion below the limit, with a Treasury operating cash balance of $346.4 billion. The department on Thursdayan $85 billion December deficit as revenues eased and outlays grew, particularly for debt interest costs.
"The use of extraordinary measures enables the government to meet its obligations for only a limited amount of time," Yellen wrote to McCarthy and other congressional leaders.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US Treasury Secretary Yellen: Seeing path to soft landing for US economyUS Treasury Secretary Janet Yellen told the NPR on Friday that inflation has been quite moderate for the last six months but noted that rent indexes w
Weiterlesen »
U.S. to hit debt limit next week, Yellen warns CongressBREAKING: The U.S. is on track to hit its debt limit next week. Sec. Yellen said the Treasury Dept. will begin taking “extraordinary measures” to avoid a default but urged Congress to take further action.
Weiterlesen »
Yellen Calls on Congress to Raise Debt LimitTreasury Secretary Janet Yellen called on Congress to raise the debt ceiling as soon as possible, warning the government could be unable to pay its bills by June
Weiterlesen »
US will hit debt ceiling next week, Yellen says in announcing 'extraordinary measures'The United States will hit the federal debt limit next week, and the Treasury will begin taking action to keep the government from defaulting on its debt, Treasury Secretary Janet Yellen announced.
Weiterlesen »
U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns CongressTreasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, 'It is unlikely that cash and extraordinary measures will be exhausted before early June.'
Weiterlesen »
Yellen says U.S. will hit its debt limit on ThursdayTreasury Secretary Janet Yellen sent a letter to top U.S. lawmakers on Friday warning the U.S. is expected to hit its debt limit next week. 'I am writing to...
Weiterlesen »