Debt limit will be hit day after Trump’s inauguration

The U.S. government has less than three weeks to raise its debt limit before it will need to take “extraordinary measures” to sustain federal operations, Treasury Secretary Janet L.
By Alan Rappeport Alan Rappeport has covered debt limit fights during the Trump and Biden administrations. Treasury Secretary Janet L. Yellen informed Congress on Friday that if lawmakers do ...
Outgoing Treasury Secretary Janet Yellen said her department will start taking special accounting maneuvers as of Jan. 21 to ...
A Congressional Budget Office report shows debt closing in on a post-World War II high as a share of GDP.