July 24, 2024 4:53 pm

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Treasury urges increase or suspension of debt ceiling to avoid default

debt ceiling

WASHINGTON, D.C., May 1, 2023 — In a letter to Congressional leadership, Secretary of the Treasury Janet Yellen urges an increase or suspension of the debt limit no later than June 1 or the US Government will default on its obligations. “After reviewing recent federal tax receipts, our best estimate is that we will be […]

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