Treasury Secretary Yellen warns of "extraordinary measures" starting Jan. 21 to avoid U.S. debt default.

Treasury Secretary Janet Yellen announced that starting January 21, the U.S. will use "extraordinary measures" to prevent hitting the debt ceiling. These measures, including stopping payments to certain funds, aim to delay a potential default. Yellen urged Congress to act quickly to protect the country's credit standing. If the debt limit isn't raised, the government risks defaulting, which could impact federal retirees and workers.

2 months ago
75 Articles

Further Reading