Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’
By Tom Ozimek Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt ceiling around the middle of January, a development she said will prompt the Treasury to resort to “extraordinary measures” to prevent the government from defaulting on its obligations. Yellen outlined the looming fiscal challenge in a Dec. 27 letter to congressional leaders…
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