Treasury will begin steps to avoid debt default

Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
US Treasury to launch measures to avoid debt limit breach on Tuesday
U.S. Treasury Secretary Janet Yellen said that the government will reach its statutory borrowing limit on Tuesday and begin employing "extraordinary measures" to keep from breaching the cap and risking a potential catastrophic default.
Janet Yellen says Treasury will take 'extraordinary measures' to avoid hitting debt ceiling Jan 21
It is not clear how long Congress will have to secure a deal on funding or raising the debt ceiling again once the measures are taken, but in the past it has helped stall the default for several month
Treasury to begin ‘extraordinary measures’ as US approaches debt cliff
The breach of the debt ceiling officially starts the clock on how long Trump and Congress will have to act to avoid a financially catastrophic default.
US Treasury to take 'extraordinary measures' to avoid debt default
The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Tr
US treasury secretary says US will take measures to avoid default
U.S. Treasury Secretary Janet Yellen is warning that the government will reach its debt limit on Tuesday and will need to take “extraordinary measures” to avoid risking a potentially catastrophic default.
Chinese cybersecurity firm sanctioned by US Treasury over alleged links to Salt Typhoon hackers
Salt Typhoon is perhaps best known as the group who infiltrated the networks of nine major US telecommunications companies ...
Killing A Tax Shelter: Treasury Publishes Final Regulations For 831(b) Microcaptive Transactions
Discusses Treasury regulations for 831(b) microcaptive transactions issued 1/14/2025 re listed transactions and transactions ...
Trump’s Treasury pick Bessent says US must keep oversight of Treasuries
The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump's ...
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Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know
Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation ...
Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...
Trump's Treasury Secretary pick to face big questions at confirmation hearing
Trump Treasury Secretary nominee Scott Bessent faces a Senate panel on Thursday and can expect grilling from a Democratic ...
Treasury levels sanctions tied to a massive hack of telecom companies and breach of its own network
The Treasury Department has announced sanctions in connection with a massive Chinese hack of American telecommunications ...
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'Not the Government's position!' Treasury minister distances Labour from Sadiq Khan's 'fascism' warning amid fresh Trump row
Chief Secretary to the Treasury Darren Jones has rejected London Mayor Sir Sadiq Khan's warnings about "resurgent fascism" ...