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.

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 ...

During a Senate hearing in 2022, Senator John Kennedy got into a tense exchange with Janet Yellen over the debt ceiling. Wisconsin's attorney general asks the state Supreme Court to stop Musk's $1 ...

Lawmakers have until June 1 to raise the nation’s debt ceiling, Treasury Secretary Janet Yellen wrote in a letter to congressional leaders on Monday. Yellen told lawmakers she expects the U.S ...

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 ...

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 ...