https://en.sputniknews.africa/20241228/us-treasury-expects-to-reach-new-debt-limit-between-january-14-23-secretary-says-1069925078.html
US Treasury Expects to Reach New Debt Limit Between January 14-23, Secretary Says
US Treasury Expects to Reach New Debt Limit Between January 14-23, Secretary Says
Sputnik Africa
WASHINGTON (Sputnik) – After expiration of the current debt ceiling suspension, the new limit will be established on January 2, 2025, at the amount of... 28.12.2024, Sputnik Africa
2024-12-28T08:35+0100
2024-12-28T08:35+0100
2024-12-28T10:18+0100
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The United States is expected to reach a new debt limit between January 14-23, the Secretary of the Treasury, Janet Yellen, said on Friday. According to Yellen, the Treasury does not expect to start taking extraordinary measures on January 2, as the outstanding debt subject to the limit is projected to decrease by approximately $54 billion. She urged lawmakers to take measures to prevent the US from defaulting on its obligations.
https://en.sputniknews.africa/20240820/trump-says-us-to-pay-off-over-35-trillion-in-national-debt-under-his-leadership-1067927005.html
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international, janet yellen, united states (us), north america, us treasury, debt, finance
international, janet yellen, united states (us), north america, us treasury, debt, finance
US Treasury Expects to Reach New Debt Limit Between January 14-23, Secretary Says
08:35 28.12.2024 (Updated: 10:18 28.12.2024) WASHINGTON (Sputnik) – After expiration of the current debt ceiling suspension, the new limit will be established on January 2, 2025, at the amount of outstanding debt subject to the statutory limit at the end of the previous day, the US secretary of the Treasury noted.
The United States is expected to reach a new
debt limit between January 14-23, the Secretary of the Treasury, Janet Yellen, said on Friday.
According to Yellen, the Treasury does not expect to start taking extraordinary measures on January 2, as the outstanding debt subject to the limit is projected to decrease by approximately $54 billion.
"Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures," Yellen said in a letter to all members of Congressional leadership.
She urged lawmakers to take measures to prevent the US from
defaulting on its obligations.
"I respectfully urge Congress to act to protect the full faith and credit of the United States," Yellen added.
