Yellen: Treasury to hit debt ceiling in October without congressional action ...Middle East

Lawmakers need to raise or suspend the statutory debt limit sometime before the end of October in order to avoid missed payments on U.S. financial commitments, which could have sweeping effects throughout the economy. Treasury Secretary Janet L. Yellen wrote to congressional leaders on Wednesday that the agency’s cash balance and so-called extraordinary measures to remain under the […] The post Yellen: Treasury to hit debt ceiling in October without congressional action appeared first on Roll Call.

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