Treasury secretary warns Congress as US nears its debt limit
Treasury Secretary Janet Yellen warned Congress on Friday that the U.S. will hit its debt limit unless the government takes "extraordinary measures" to avoid default. The notification likely means the debt ceiling fight will happen in the early months of ...
Yellen Says Treasury to Hit New Debt Limit in Mid-January
Treasury Secretary Janet Yellen said her department is likely to begin taking special accounting maneuvers sometime in mid-January to avoid breaching the US debt limit, and urged lawmakers to take action defending the “full faith and credit” of the US.
‘Extraordinary measures’ needed by mid-January to keep US from defaulting on national debt, Treasury Secretary Janet Yellen warns Congress
Yellen, in a letter to House and Senate leaders, noted that the nation’s debt ceiling — the total amount of money the federal government is authorized to borrow to pay for obligations such as Social Security and Medicare benefits — was suspended in June 2023 but will once again be in effect on Jan. 1.
The notification to Congress is the clearest sign yet that the fight to avoid default will likely take place in the early ...
The U.S. Treasury Department delayed a Jan. 1, 2025, deadline to file a new "beneficial ownership information" report by ...
Treasury yields rose on Monday as traders continue to see a slower pace of interest rate reductions by the Federal Reserve ...
The move comes as Beijing prepares to soften the blow from an expected increase in US tariffs on Chinese imports when Donald ...
Treasury yields rose Thursday morning as investors awaited new data on jobless claims. The yield on the 10-year Treasury ...
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Stephen Miran, who served during Donald Trump’s first term and now works at a hedge fund, has accused the Biden ...
The 10-year yield tested 2024 highs above 4.6% before pulling back slightly. Yields had retreated earlier in 2024 as the Federal Reserve vowed to begin cutting rates. But the chances that the central ...
KULR Technology Group, Inc (NYSE:KULR) announced that it has completed the purchase of 217.18 Bitcoin (CRYPTO: BTC) for ...
United Airlines is the best performer of the group — its stock soared 144% in 2024. Meanwhile, Alaska Air Group shares are up ...
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