Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
Tag: Treasury Department
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As Debt Limit Threat Looms, Wall Street and Washington Have Only Rough Plans
A default is likely to rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
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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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How New IRS Rules Could Affect Venmo, Zelle and CashApp Users
Users of digital wallets and e-commerce platforms must start reporting small transactions, sowing fears among small-business owners.