If you want to see DML NEWS APP articles without ads, click here.
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:
The Treasury Department started taking so-called extraordinary measures to keep paying the federal government’s bills as the U.S. hit its debt limit Thursday, Treasury Secretary Janet Yellen said.
In a letter addressed to House Speaker Kevin McCarthy, R-Calif., Yellen said the Treasury will suspend new investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund from Thursday until June 5, 2023. But she warned both moves are subject to “considerable uncertainty” if Congress does not pass a bill to increase the $31.4 trillion debt ceiling.
The Treasury secretary told lawmakers Friday that she believes the extraordinary steps could allow the government to pay its obligations until early June. Yellen last week urged Congress to “act in a timely manner to increase or suspend the debt limit,” as failing to do so could lead to a first-ever default on U.S. debt and cause economic damage around the world.
CLICK HERE to read the letter from Yellen, which she sent to House Speaker Kevin McCarthy on Thursday.
From Sec Yellen to congressional leaders today on the debt limit: “This letter serves to notify you… of the extraordinary measures Treasury began using today.”https://t.co/TOEIX9hW6r
— Sarah Ewall-Wice (@EwallWice) January 19, 2023
BREAKING: The U.S. has reached its $31.4 trillion debt ceiling, the Treasury Department announced on Thursday, with no obvious deal in sight.https://t.co/fJpnqXmgZF
— Axios (@axios) January 19, 2023
Yellen says Treasury is taking extraordinary measures to avoid default as U.S. hits debt limit https://t.co/M9G4J5cHaJ
— CNBC (@CNBC) January 19, 2023
To get more information about this article, please visit CNBC.
The Dennis Michael Lynch Podcast is available below. Never miss an episode. Subscribe to the show by downloading The DML News App or go to Apple Podcasts.
I bet Janet cant balance her own check book. She’s a moron and can’t add 2+2 and come up with 4. How is this moron in charge of anything? We may as well have Sam bankman freed doing this job. The ridicousnesss of this administration never ends.
31 trillion dollars is unfathomable. At this point it just monopoly money in concept. Crazy. We are in big trouble.
Extraordinary efforts? Writing another billion dollar check to Ukrain? Corrupt devil DEMONcrates will bankrupt America
Extraordinary effort, another billion to Ukrain? Corrupt devil DEMONcrates
We are in recession. No increase the debt ceiling. There are lot of layoffs and homeless. Say no to YELLEN. I don’t trust her.
How much $$$ went into the corrupt regimes pockets that Pelosi and her goons kept approving??? Hell no, no more giving to foreign countries!!! We have problem right her in America that they won’t even look into!!!
Thanks Joe Biden and all his corrupt Democrats! They are the ones who have put us in this crisis!
Yet oh yeah…. Once again they’ll blame Trump! So then crooked president and the crooked democrats shift “THEIR” corruption on everyone else . Pretty sure NONE of them own a mirror and if they do, there’s no way they can look at themselves and think what they have done and what they continue to do betters America, they continue to destroy the United States !!!! PATHETIC!!!!!!!!!!!!!!!!!!!!!!!!
Let this little pig figure this one out on her own. Please conservatives don’t help the left. Borrow some more for the Kennedy center. How many of us has ever been to the Kennedy center. Sink you leftist nutcases. I couldn’t be happier.
Don’t ever ever ever give up your guns stock up on ammunition.
Bring it down already
No more raising the debt ceiling
You can’t print any more $$$
Your money laundering skeems are being revealed 1 by 1
Banks are closing
Let’s go bring it all down