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February 7, 2023

treasury department

Article

Yellen extends to Dec. 15 date for potential debt default

November 19, 2021 Martin Crutsinger, Associated Press

WASHINGTON, D.C. — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after Dec. 15. In a letter to congressional […]

Article

US budget deficit hits $2.77 trillion in 2021, 2nd highest

October 22, 2021 Martin Crutsinger, Associated Press

WASHINGTON, D.C. — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years […]

Article

McConnell warns Yellen that GOP won’t help raise debt limit

September 17, 2021 Kevin Freking, Associated Press

WASHINGTON, D.C. — Senate Minority Leader Mitch McConnell has warned Treasury Secretary Janet Yellen he is not budging on his demand that Democrats go it alone on the federal debt limit, deepening the emerging standoff […]

Article

Yellen warns US may hit debt limit in October

September 16, 2021 Martin Crutsinger and Alan Fram, Associated Press

WASHINGTON, D.C. — Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional […]

Article

Treasury Department’s borrowing plans assume debt-limit deal

August 6, 2021 The Associated Press

WASHINGTON, D.C. — The Treasury Department has unveiled plans to borrow $673 billion in the current quarter while employing emergency measures to keep the government from an unprecedented default on the national debt. Treasury Secretary […]

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