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Without congressional authorization, the United States will reach its debt ceiling on Thursday

2023-01-13T20:56:52.066Z


According to Finance Minister Janet Yellen, the US Treasury will have to "take extraordinary measures" to prevent the country "from defaulting on its obligations".


The United States will reach the debt ceiling authorized by Congress next Thursday, Finance Minister Janet Yellen warned in a letter on Friday, unless the latter acts quickly by voting for a new limit.

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In her letter, addressed to the Republican Speaker of the House of Representatives, Kevin McCarthy, Janet Yellen underlined that from Thursday and in the absence of new ceilings, the Treasury will have to

"take extraordinary measures"

in order to avoid that the country

“does not default on its obligations”

.

SEE ALSO

- Why should we worry about the level of public debt

Source: lefigaro

All news articles on 2023-01-13

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