Sun, December 29, 2024
Sat, December 28, 2024

[ Sat, Dec 28th 2024 ]: MSN

Letters: December 28, 2024

Trudeau shirked responsibility On the heels of ending a Canadian tradition where the prime minister sits down with each of the major television networks for extended year-end interviews, it was insulting to Canadians that after the recent cabinet shuffle,

[ Sat, Dec 28th 2024 ]: MSN

Five things to watch in 2025

Donald Trump's inauguration marks a pivotal political moment, while global efforts against climate change intensify. Football fans can revel in major tournaments, spiritual seekers anticipate the grand Kumbh Mela,

US may hit new debt limit as early as Jan 14, Yellen says

The U.S. Treasury Department may need to take "extraordinary measures" by as early as Jan. 14 to prevent the United States from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.

U.S. Treasury Secretary Janet Yellen has indicated that the U.S. government might reach its statutory debt limit as early as January 14, 2024, urging Congress to act swiftly to either raise or suspend the debt ceiling to avoid a default. Yellen emphasized the critical need for Congress to address this issue to protect the full faith and credit of the United States. She mentioned that the Treasury would employ "extraordinary measures" to manage the government's finances once the limit is hit, but these measures are only temporary. The urgency of the situation was highlighted by the potential economic repercussions if the debt ceiling isn't addressed, including increased borrowing costs and economic instability.

Read the Full Reuters Article at:
https://www.reuters.com/world/us/us-may-hit-new-debt-limit-early-jan-14-yellen-says-2024-12-27/