Yellen says extraordinary measures to avoid default will begin as soon as Jan. 14

By The Hill | Created at 2024-12-28 00:45:43 | Updated at 2024-12-28 16:18:05 15 hours ago

Treasury Secretary Janet Yellen suggested in a letter to Congress on Friday that the department doesn’t think the U.S. will need to take “extraordinary measures” on Jan. 2 to avoid defaulting on its obligations, and instead expects that it will reach the new limit between Jan. 14 and 23. “Treasury currently expects to reach the…

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