Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to congressional leaders Friday afternoon. “Treasury expects to hit the statutory debt ceiling between January 14 and January…
Hours to go before a midnight government shutdown, the House approved a new plan late Friday from Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump’s demands for a debt limit increase into the new year. Johnson insisted Congress would “meet our obligations” and not allow federal…
A Republican spending bill backed by U.S. president-elect Donald Trump failed in the U.S. House of Representatives on Thursday, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel. By a vote of 174-235, the House rejected the spending package, which was hastily assembled by Republican leaders after Trump…
