Treasury Announces Extraordinary Measures as U.S. Approaches Debt Ceiling
Treasury Secretary Janet Yellen has notified Congress that extraordinary measures will begin on January 21 to avoid a national debt crisis.
The looming debt ceiling crisis underscores the urgent need for Congress to act decisively to ensure the federal government can meet its financial obligations without resorting to extraordinary measures that ultimately undermine fiscal stability.
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Yellen's announcement signals a critical juncture for the U.S. economy, as the looming debt ceiling raises urgent questions about fiscal responsibility and political maneuvering.
Treasury secretary says she’ll take 'extraordinary measures' day after Trump inauguration
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As the nation approaches a potential debt ceiling crisis, it is crucial for Congress to act swiftly to ensure the financial stability and creditworthiness of the United States.
Yellen: Debt limit will be hit day after Trump’s inauguration
The Hill·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Yellen's call for Congress to act promptly highlights the urgent need to address the looming debt crisis, emphasizing that failure to do so could jeopardize the nation’s financial stability and creditworthiness.
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
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Summary
Janet Yellen announced that the U.S. Treasury will implement extraordinary measures starting January 21, following the inauguration of President Trump, as the nation approaches its debt ceiling. The measures include suspending investments in federal retirement funds to maintain government operations. With the national debt exceeding $36 trillion, Yellen urged Congress to promptly raise the debt ceiling to avoid default. Trump has expressed support for abolishing the debt ceiling altogether, complicating future legislative strategies as Republicans hold control of both the House and Senate.
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