​Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ ‘Extraordinary Measures’ – Tyler Durden

Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ ‘Extraordinary Measures’ Authored by Tom Ozimek via The Epoch Times, Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt ceiling around the middle of January, a development she said will prompt the Treasury to resort to “extraordinary measures” to prevent the government from defaulting on its obligations. Yellen outlined the looming fiscal challenge in a Dec. 27 letter to congressional leaders, urging them to act to protect the nation’s economic credibility and preserve fiscal stability. She noted that the Fiscal Responsibility Act…  — Continue at ZeroHedge News : Read More