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Federal government to hit $36T 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.
US to hit debt ceiling Tuesday, starting Congress’ countdown clock
The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury Secretary Janet Yellen said in a letter to congressional leaders on Friday.
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.
Janet Yellen says Treasury will take 'extraordinary measures' to avoid hitting debt ceiling Jan 21
It is not clear how long Congress will have to secure a deal on funding or raising the debt ceiling again once the measures are taken, but in the past it has helped stall the default for several month
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling,
US Treasury to launch measures to avoid debt limit breach on Tuesday
U.S. Treasury Secretary Janet Yellen said that the government will reach its statutory borrowing limit on Tuesday and begin employing "extraordinary measures" to keep from breaching the cap and risking a potential catastrophic default.
1d
House GOP's Budget Hawks Now Want A $4 Trillion Debt Limit Hike
The Treasury Department will begin using accounting moves soon to keep from defaulting. The House Freedom Caucus says its ...
BizPac Review
3h
Janet Yellen drops bomb on way out that US will hit debt limit ONE day after Trump takes office
Treasury Secretary Janet Yellen's parting gift to Pres.-elect Donald Trump announced debt limit reached his first full day back in office.
3d
on MSN
Democrats warn Republicans not to tie debt ceiling increase to disaster aid
House Republicans believe they will need bipartisan support to raise the debt limit, an item President-elect Donald Trump has ...
4d
on MSN
Johnson ‘not wed’ to including debt ceiling in sprawling reconciliation bill
Speaker Mike Johnson (R-La.) on Tuesday said he is “not wed” to including a debt limit increase in the reconciliation package ...
1d
Trump's US Treasury Pick Says Question of Debt Limit Repeal Is 'Nuanced'
(Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said the ...
21h
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 ...
4d
5 ways the debt limit fight could play out under Trump
President-elect Trump and congressional Republicans are plotting how to address the nation’s debt limit this year. The debt ...
21h
on MSN
Ro Khanna says Democrats should demand a minimum wage increase in exchange for helping Trump raise the debt ceiling
Khanna told Business Insider that a federal minimum wage increase has broad support and that Democrats "should force ...
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