The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
Tag: Federal Budget (US)
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
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U.S. Deficit Fell to $1.4 Trillion in 2022
Borrowing remained elevated last year as spending fights loom in a divided Congress.
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The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.
If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.