Debt Limit - U.S. Department of the Treasury
Jan 24, 2025 · The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and …
US to hit debt ceiling Tuesday, starting Congress’ countdown clock
Jan 17, 2025 · 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, …
Understanding the National Debt | U.S. Treasury Fiscal Data
3 days ago · The debt ceiling is the amount that the Treasury can borrow to pay the bills that have become due and pay for future investments. Once the debt ceiling is reached, the federal …
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
Jan 17, 2025 · In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent …
US to hit debt limit on Tuesday, Yellen warns. What happens next?
Jan 17, 2025 · Under that 2023 budget deal, Congress suspended the debt ceiling until Jan. 1, 2025. The U.S. Treasury will be able to pay its bills for several more months, but Congress will …
Yellen: Debt limit will be hit day after Trump's inauguration - The …
Jan 17, 2025 · The debt ceiling caps how much money the Treasury Department can owe to pay the country’s bills. Congress last agreed to suspend the debt ceiling for roughly a year and a …
US Treasury to launch measures to avoid debt limit breach on …
Jan 17, 2025 · Yellen said the Treasury would suspend investments in two government employee benefit funds through March 14, to claw back borrowing capacity under the $36.1 trillion debt …
The debt ceiling is back, but no need to worry – yet
Jan 2, 2025 · The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025.
Everything You Need to Know About the Debt Ceiling
May 2, 2023 · One proposal is for the Treasury Department to prioritize certain payments to avoid defaulting on U.S. debt. In that case, the Treasury would first pay the bondholders who own …
What is the debt ceiling and what happens if the US defaults?
Dec 19, 2024 · As of Jan. 18, the Treasury took on the maximum $31.4 trillion in debt allowed — meaning we'd hit the debt limit. The debt limit amount is decided by Congress.