How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
Posted inFederal Budget (US) Government Bonds Law and Legislation National Debt (US) Stocks and Bonds United States Economy
How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit isn’t lifted.
Posted inBanking and Financial Institutions Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Stocks and Bonds Treasury Department United States Economy United States Politics and Government
As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
Posted inFederal Budget (US) National Debt (US) Treasury Department United States Economy United States Politics and Government
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.