Treasury Department beginning “extraordinary measures.” Congress limits how much money the government can borrow, and once the debt limit is reached, legislators must raise or suspend the debt…
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Treasury Secretary Appeals to Congress About Debt
Legislators need to increase or suspend the debt limit soon. On Friday, Treasury Secretary Janet Yellen urged lawmakers to act on the nation’s debt limit, either increasing or…
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Treasury Urges Debt Level Increase
Congress urged to move quickly. Treasury Department officials urged Congress to increase the federal borrowing limit this summer. Otherwise, the federal government could run out of cash, much…
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Treasury Reports Increase in U.S. Debt for Fiscal Year
$3 trillion dollar deficit surpasses previous records. In their monthly report last week, the U.S. Department of the Treasury announced the debt left behind as the country sought…
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