Yellen, Janet L – Page 10

Everything You Need to Know About the Debt Ceiling

Congress controls how much money the United States can borrow. Here’s a look at why that is and what it means.

Even after the sale of First Republic, investors are worried about challenges that regional banks still face, imperiling the economy.

Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.

First Republic’s downfall was just the latest in a series of problems affecting midsize banks.

The Treasury Department’s ability to delay a default, the so-called X-date, hinges on how fast the money is coming in.