U.S. Treasury Secretary Janet Yellen on Tuesday again warned lawmakers that the nation is near exhausting its federal borrowing talents-now set for Oct. 18-and entreated Congress to behave with a purpose to avert “critical harm” to the economy.
“At that factor, we count on the Treasury being left with very confined sources that could be depleted quickly,” she wrote in her brand new letter to congressional leaders.
The letter came a day after Senate Republicans rejected a measure to raise the kingdom’s borrowing limit to pay for previously incurred government spending.
The Treasury had already enacted “terrific measures” to maintain the government’s budget flowing after the debt ceiling was reached over the summer. Yellen stated that the measures will run out in approximately 20 days, despite the fact that the exact date should vary, despite the fact that the one measure will run out in approximately 20 days, despite the fact that the exact date should vary, despite the fact that the one measure will run out in approximately 20 days, despite the fact that the exact date should vary, Yellen stated.
“This uncertainty underscores the vital significance of not being ready to raise or droop the debt restriction,” she stated.
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