This letter serves to notify you, pursuant to 5 U.S.C. § 8348(l)(2), of the extraordinary measures that Treasury will begin ...
Janet Yellen, the U.S. Treasury Secretary, on Friday cautioned that the government will reach its borrowing limit on Tuesday, ...
Federal law going back more than a century restricts how much the U.S. government is allowed to borrow, establishing a “ceiling” on total debt. Once the ceiling is reached, the U.S. Treasury ...
A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a ...
This critical action allows the government to continue borrowing to meet its legally binding financial obligations.
Alexander Hamilton, whose financial acumen financed George Washington’s army, and very likely paved the way to win the ...
increasing borrowing costs. Although Republicans will control Capitol Hill this year, it won’t be easy for the party’s leaders to address the debt ceiling, especially if they opt to craft ...
The speaker acknowledged the borrowing limit could be included in government funding talks — where he’ll need Democratic ...