Tag #Us Debt Ceiling

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cnbc.com

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Dec 28, 16:08

US Government Faces Looming Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on December 29, 2024 that the federal government may hit its debt limit as early as January 14, 2025, unless Congress acts or the Treasury implements "extraordinary measures", potentially leading to a government default and impacting global markets.

US Government Faces Looming Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on December 29, 2024 that the federal government may hit its debt limit as early as January 14, 2025, unless Congress acts or the Treasury implements "extraordinary measures", potentially leading to a government default and impacting global markets.

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What are the potential long-term consequences of failing to address the debt ceiling issue?

The potential for a debt ceiling crisis carries significant implications. Failure to raise or eliminate the debt ceiling could lead to a U.S. government default, triggering global economic instability and potentially damaging the nation's credit rating. The ongoing political disagreements underscore the need for bipartisan cooperation to resolve this critical issue and prevent future crises.

nbcnews.com

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Dec 28, 04:05

US Faces Debt Ceiling Crisis in January 2025

Treasury Secretary Janet Yellen warned Congress that the federal government may hit its $31.4 trillion debt ceiling between January 14 and 23, 2025, requiring "extraordinary measures" to avoid default unless Congress acts; President Trump recently supported abolishing the debt ceiling.

US Faces Debt Ceiling Crisis in January 2025

Treasury Secretary Janet Yellen warned Congress that the federal government may hit its $31.4 trillion debt ceiling between January 14 and 23, 2025, requiring "extraordinary measures" to avoid default unless Congress acts; President Trump recently supported abolishing the debt ceiling.

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What are the immediate consequences if Congress fails to raise the debt ceiling by January 23, 2025?

The U.S. Treasury Department anticipates reaching the debt limit between January 14 and 23, 2025, potentially necessitating "extraordinary measures" to avoid default. Treasury Secretary Janet Yellen urged Congress to raise the debt ceiling to prevent a financial crisis. Failure to act could lead to the government's inability to meet its financial obligations.

us.cnn.com

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Dec 20, 19:10

Trump's Debt Ceiling Proposal Shakes Up US Politics

President-elect Trump unexpectedly called for abolishing or extending the debt ceiling until 2029, a position at odds with traditional Republican stances, prompting debate about its economic and political implications, given the over \$36 trillion national debt.

Trump's Debt Ceiling Proposal Shakes Up US Politics

President-elect Trump unexpectedly called for abolishing or extending the debt ceiling until 2029, a position at odds with traditional Republican stances, prompting debate about its economic and political implications, given the over \$36 trillion national debt.

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What are the immediate political and economic implications of Trump's proposal to abolish or extend the debt ceiling?

President-elect Trump's unexpected proposal to abolish or significantly extend the debt ceiling has sparked a political debate. This move, traditionally championed by liberals, contrasts with the historical Republican stance and creates uncertainty within the Republican party. The current debt exceeds \$36 trillion, and a default could severely harm the US economy.

abcnews.go.com

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Dec 28, 07:05

Yellen Warns of Imminent US Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on January 5th that the US government might need to start using "extraordinary measures" to avoid hitting the debt ceiling as early as January 14th, urging them to act to prevent a potential default; this comes after President Biden signed a bill last ...

Yellen Warns of Imminent US Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on January 5th that the US government might need to start using "extraordinary measures" to avoid hitting the debt ceiling as early as January 14th, urging them to act to prevent a potential default; this comes after President Biden signed a bill last ...

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What immediate actions are required to prevent a US government default given Treasury Secretary Yellen's warning about the debt ceiling?

Treasury Secretary Janet Yellen warned Congress that the government may need to begin employing "extraordinary measures" to avoid breaching the debt ceiling as early as January 14th. These measures are accounting maneuvers to prevent default, but their depletion necessitates Congressional action to raise the debt limit. Failure to act risks a government default.

cnn.com

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Dec 27, 16:10

US Debt Ceiling Reinstatement Looms, Raising Specter of Default

The US debt ceiling will be reinstated on January 2, 2025, at roughly \$36.2 trillion, prompting the Treasury to use temporary measures to avoid default. House Republicans propose a \$1.5 trillion increase paired with spending cuts, potentially creating a future crisis. A default could delay Social ...

US Debt Ceiling Reinstatement Looms, Raising Specter of Default

The US debt ceiling will be reinstated on January 2, 2025, at roughly \$36.2 trillion, prompting the Treasury to use temporary measures to avoid default. House Republicans propose a \$1.5 trillion increase paired with spending cuts, potentially creating a future crisis. A default could delay Social ...

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What immediate consequences will the reinstatement of the debt ceiling on January 2nd, 2025, trigger, and how might these affect the American public?

On January 2nd, 2025, the US debt ceiling will be reinstated at approximately \$36.2 trillion. The Treasury Department will employ "extraordinary measures" to continue paying bills, but these are temporary, and a potential default looms if Congress doesn't act. Failure to raise the debt ceiling could lead to delayed payments for Social Security recipients, federal employees, and military personnel.

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