Treasury Secretary Janet Yellen wrote a letter to House Speaker Mike Johnson Friday. In it, she warned that the US would breach its debt limit as soon as January 14 unless Congress acted.

"Treasury expects to hit the statutory debt ceiling between January 14 and January 23," Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures ...

A huge tornado was seen twisting over a field south of Gary, South Dakota, on June 28, as severe storms swept the area. The twister was on the ground for over 30 minutes and clipped at least one house ...

Treasury Secretary Janet Yellen warned Congress that the country could hit the debt ceiling as soon as Jan. 14 in a letter sent Friday.

The OBBB Act raises the debt ceiling and impacts Treasury strategies with $2 trillion in new T-Bills forecasted. Click here ...

What is the debt ceiling? The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to those it borrowed from and dole out money ...

After the debt limit was reinstated in January, Treasury Secretary Janet Yellen — in one of her last acts in the position — said the agency would institute “extraordinary measures" intended ...

Treasury Secretary Scott Bessent on Friday called on Congress to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its more than $36 trillion debt.

Treasury secretary calls on Congress to raise or suspend the debt ceiling by mid-July By FATIMA HUSSEIN and KEVIN FREKING The Associated Press, Updated May 9, 2025, 10:28 p.m.