Janet Yellen said Treasury would institute “extraordinary measures ” intended to prevent the U.S. from reaching the debt ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

Since January, the Treasury Department has been using "extraordinary measures" to pay its bills and extend the date when it will run out of money. Raising the debt limit doesn't greenlight new ...

The United States is on track to hit its statutory debt ceiling -- the so-called X-date when the country runs short of money to pay its bills-- as early as August without a deal between lawmakers and ...

"Conversely, if borrowing needs fall short of the amounts in CBO's projections, the extraordinary measures will permit the Treasury to continue financing government activities longer than expected ...

Additionally, since January 2, the Treasury has been using temporary accounting tricks dubbed 'extraordinary measures,' which allows the government to continue borrowing to finance operations.

The federal government could default on its debt as soon as August without action from Congress, the Congressional Budget Office (CBO) estimated on Wednesday. In the latest projection, the ...

Janet Yellen said Treasury would institute “extraordinary measures" intended to prevent the U.S. from reaching the debt ceiling. Since then, the Treasury Department has stopped paying into ...