Treasury Secretary Janet Yellen called on Congress to raise the debt ceiling as soon as possible, warning the government could be unable to pay its bills by June
House Republicans are planning to use the debt ceiling, which will need to be raised in 2023, as leverage to get spending cuts. But Democrats are looking to act now in the lameduck session to prevent that. WSJ explains three things they could do.WASHINGTON—Treasury Secretary Janet Yellen called on Congress to
as soon as possible, warning that the government could become unable to pay its bills after early June.on Jan. 19, when the Treasury Department will begin implementing so-called extraordinary measures to manage the government’s cash flow.
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