U.S. Treasury Secretary Janet Yellen announced an additional “extraordinary" measure to buy time for government leaders to raise the nation's debt limit.
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Read More »January 24, 2023 Leave a comment
U.S. Treasury Secretary Janet Yellen announced an additional “extraordinary" measure to buy time for government leaders to raise the nation's debt limit.
Tagged with: debt limit u.s. treasury
Read More »January 19, 2023 Leave a comment
The Treasury Department says it has started taking “extraordinary measures” as the government has brushed up against its legal borrowing capacity.
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Read More »January 13, 2023 Comments Off on Yellen tells Congress US expected to hit debt limit Thursday
Treasury Secretary Janet Yellen notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures.”
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Read More »December 14, 2021 Comments Off on Senate votes to raise debt limit by $2.5T, avoiding default
The Senate approved legislation Tuesday to lift the nation's debt limit by $2.5 trillion under a deal struck between party leaders.
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Read More »October 8, 2021 Comments Off on Senate avoids a debt disaster, votes to extend borrowing
The Senate has dodged a U.S. debt disaster, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default.
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Read More »October 7, 2021 Comments Off on Senators reach agreement on short-term debt ceiling fix, averting crisis
Senate Majority Leader Chuck Schumer said an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
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Read More »October 6, 2021 Comments Off on McConnell offers Democrats short-term debt limit fix amid standoff
Senate Republican leader Mitch McConnell told Democrats he would allow an emergency debt limit extension into December, offering a potential path to avoid a federal default.
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Read More »October 5, 2021 Comments Off on Yellen says urgent action needed on debt limit, rejects $1T coin
Treasury Secretary Janet Yellen said Oct. 18 remains the date she is likely to run out of resources to stave off an unprecedented default on the nation's debt.
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Read More »October 4, 2021 Comments Off on Biden tells GOP to ‘get out of the way’ on debt limit with deadline approaching
President Joe Biden told GOP senators to “get out of the way” and let Democrats suspend the nation’s debt limit on their own, hoping to prevent a credit default.
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Read More »September 17, 2021 Comments Off on White House warns that debt limit showdown could hurt states
The White House is warning state and local governments about severe cuts to various programs if Congress fails to raise the U.S. debt limit.
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