Treasury Department – Page 32

Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout

The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.

By Alan Rappeport

Biden, Joseph R Jr Federal Budget (US) House of Representatives Jeffries, Hakeem McCarthy, Kevin (1965- ) McConnell, Mitch National Debt (US) Schumer, Charles E Senate Treasury Department United States Economy United States Politics and Government

Time Is Running Out for Congress to Raise the Debt Ceiling

With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.

By Carl Hulse

Federal Budget (US) National Debt (US) Treasury Department United States Politics and Government

Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue

The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach an agreement to raise the debt ceiling and avoid a crippling default.

By Alan Rappeport

Bloomberg News Forbes Media LLC High Net Worth Individuals Treasury Department United States Economy

$49.5 Billion in U.S. Treasury? For These Billionaires, That’s Nothing

The cash balance at the Treasury Department is now lower than the net worth of some of the world’s richest people.

By Linda Qiu