Treasury Secretary Janet Yellen warned in a letter on Friday. In the letter addressed to House Speaker Mike Johnson, Yellen wrote that although the outstanding debt subject to the limit is expected to drop by approximately $54 billion when the new debt ...

Treasury Secretary Janet Yellen says 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 14th,

Treasury Secretary Janet Yellen said her department is likely to begin taking special accounting maneuvers sometime in mid-January to avoid breaching the U.S. debt limit.