


U.S. Faces Looming Debt Ceiling Crisis as Treasury Warns of Extraordinary Measures
Treasury Secretary Yellen warns Congress that the U.S. may hit its debt ceiling as soon as January 14, urging immediate action to prevent default.
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get StartedHave an account? Sign in
Overview
Treasury Secretary Janet Yellen has warned that the U.S. could hit its debt ceiling between January 14 and January 23, prompting the use of extraordinary measures. Without congressional action, the government risks defaulting on its debts. The debt ceiling was suspended until January 2025, but rising interest payments are straining economic stability. Republicans debate plans for funding and President-elect Trump suggests eliminating the debt ceiling altogether. Yellen emphasizes the urgency of action to preserve the country's creditworthiness.
Report issue

Read both sides in 5 minutes each day
Analysis
Analysis unavailable for this viewpoint.
Articles (13)
Center (8)
History
- 9M6 articles