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Treasury Secretary Janet Yellen tells Congress U.S. expected to hit debt limit Thursday

Por: Portland Press Herald World January 13, 2023

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WASHINGTON — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. In a letter to House and Senate leaders, Yellen said her actions will buy time until Congress can pass legislation that will either raise the nation’s $31.4 trillion borrowing authority or suspend it again for some time – but said... + full article



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