Yellen says US is projected to hit debt ceiling on Jan. 19 ...Middle East

Treasury Secretary Janet Yellen said the U.S. is projected to reach its roughly $31.4 trillion borrowing limit in less than a week. An estimate from the Peter G. Peterson Foundation shows the nation’s debt climbing above $31 trillion and within striking range of the limit set more than a year ago. Yellen shared the estimate in a letter to Speaker Kevin McCarthy (R-Calif.) on Friday. She also warned the department would soon have to begin taking “extraordinary measures” to stave off a default to buy time for Congress to find a bipartisan solution. Those measures include temporarily redeeming existing and suspending new investments of the Civil Service, Retirement and Disability Fu

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