Perfect timing for Yellen. It's that feeling I always got when I rolled off a project ... it's now someone else's problem.
US to hit debt ceiling Tuesday, starting Congress’ countdown clock | CNN Business
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The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury Secretary Janet Yellen said in a letter to congressional leaders on Friday. The notice comes just three days before President-elect Donald Trump takes office.
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Looks like the deadline is Mar 14 with the "extraordinary measures"
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The extraordinary measures, which are mainly behind-the-scenes accounting maneuvers, will continue through March 14, Yellen wrote
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Plus, lawmakers still must pass a government funding bill for fiscal year 2025, which began October 1. (A temporary spending measure expires on March 14.)
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Looking forward to the fight and the compromise. Hope it stops the bleeding ... but doubt it, best is probably slows it down.
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House Speaker Mike Johnson is already running up against resistance from some of his fiscally conservative members, who want to decrease the debt, not increase it. His super-slim majority will make it even more difficult for him to find a compromise — and he may need Democratic support in order to pass an increase to the limit.
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