The duration of these measures is uncertain, and Yellen has urged Congress to raise or suspend the debt limit to safeguard the nation’s credit, Reuters reported. “The period of time that ...

Under that law, the limit on Treasury’s ability to issue debt to cover the nation’s bills returns on Jan. 2. But Yellen explained in her letter that Treasury has some extra leeway until ...

Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter ...

Driving the news: Yellen warned Congress about three weeks ago that measures would be necessary sometime this month unless they acted to raise or suspend the debt ceiling. On Friday, she indicated ...

"Treasury expects to hit the statutory debt ceiling between January 14 and January 23," Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures ...

Yellen, 78, previously warned lawmakers that the government would reach its debt ceiling — the total amount of money the federal government is authorized to borrow to pay for obligations such as ...

In a letter to Republican House Speaker Mike Johnson on Friday, Yellen claimed that the federal government will hit its debt limit as early as next month unless Congress takes action. Otherwise ...

Treasury secretary Scott Bessent has a tough choice to make this year.