janet-yellen

The U.S. Capitol. Samuel Corum/Getty Images

U.S. hits debt limit and Treasury Department begins ‘extraordinary measures’

BY: - January 19, 2023

'The debt ceiling is officially a ticking time bomb we can’t diffuse soon enough,' U.S. Rep. Brendan Boyle, the ranking Democrat on the House Budget Committee, said

Treasury Secretary Janet Yellen gives a speech on the economy at Fords Rouge Electric Vehicle Center on Sept. 8, 2022 in Dearborn, Michigan. Yellen toured the factory, which produces the Ford F-150 Lightning, before her remarks. (Photo by Sarah Rice/Getty Images)

U.S. to hit debt limit much sooner than expected, thrusting Congress into showdown

BY: - January 13, 2023

The country will reach the debt limit on Jan. 19 at which point the Treasury Department will begin using extraordinary measures.