Reported about 21 hours ago
Treasury Secretary Janet Yellen has informed Congress that the U.S. may reach its debt limit between January 14 and January 23, 2025, prompting the need for 'extraordinary measures' to avoid default. She urged Congress to act to preserve the nation's credit as the government faces financial challenges following a recent spending bill that did not address the debt ceiling issue. The current federal debt is approximately $36 trillion, and economic pressures could exacerbate the situation.
Source: YAHOO