Treasury Secretary Janet Yellen again urged Congress to deal with the debt limit, telling lawmakers if they do nothing, they face the nation’s first-ever default soon after Dec. 15. That's a slight improvement from the Dec. 3 date she predicted last month.
FILE - Treasury Secretary Janet Yellen speaks during a meeting with President Joe Biden and business leaders about the debt limit in the South Court Auditorium on the White House campus, Wednesday, Oct. 6, 2021, in Washington. On Tuesday, Nov. 16, 2021, Yellen told Congress that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after Dec. 15.
In a letter to congressional leaders, Yellen said that she believed Treasury could be left with insufficient resources to keep financing the government beyond Dec. 15. “To ensure the full faith and credit of the United States, it is critical that Congress raise or suspend the debt limit as soon as possible,” Yellen wrote to congressional leaders.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Government Could Be Unable to Pay Bills as Soon as Dec. 15, Yellen SaysTreasury Secretary Janet Yellen said the federal government might no longer be able to pay all of its bills as soon as Dec. 15, urging Congress to act
Read more »
Federal Government Could Be Unable to Pay Bills as Soon as Dec. 15, Yellen SaysTreasury Secretary Janet Yellen said the federal government might no longer be able to pay all of its bills as soon as Dec. 15, urging Congress to act
Read more »
Treasury secretary estimates US could reach debt limit on December 15Treasury Secretary Janet Yellen now estimates that the government will run out of money on December 15, an extension from the previous deadline of December 3.
Read more »
Earthquake, Magnitude 3.5 - DODECANESE IS.-TURKEY BORDER REG - 2021 November 15, 21:34:58 UTCMagnitude: ML 3.5, Region: DODECANESE IS.-TURKEY BORDER REG, Date time: 2021-11-15 21:34:58.5 UTC, Location: 36.95 N ; 27.70 E, Depth: 2 km.
Read more »
Alex Jones Will Be Forced to Pay Sandy Hook ParentsConspiracy theorist and Infowars host Alex Jones on Monday lost lawsuits brought by families of the victims of the Sandy Hook massacre when a judge overseeing the case ruled he was liable for damages after refusing to turn over documents
Read more »
Are Fertile Women Really More Attractive to Men?Does being more fertile really give a woman a leg up on the romantic competition? Maybe not, new research shows.
Read more »