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Yellen Says Debt-Limit Measures to Be Exhausted in October

Published 09/08/2021, 09:38 AM
Updated 09/08/2021, 09:54 AM
© Reuters.  Yellen Says Debt-Limit Measures to Be Exhausted in October

(Bloomberg) -- The Treasury Department will probably exhaust its measures to avoid breaching the debt limit sometime in October, Secretary Janet Yellen said Wednesday, offering more specific guidance than she previously gave.

“Based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October,” Yellen said in a letter to Congress. “We will continue to update Congress as more information becomes available.”

Yellen had previously said in July that there were scenarios in which the Treasury could exhaust its special measures and run out of cash “soon after Congress returns from recess” in September. 

©2021 Bloomberg L.P.

Latest comments

That is easily fixed just stop all government assistance to all the republican states. This would by the debt ceiling years. Now if the republicans increase the debt ceiling like they did for trump no action against their states would be needed.
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