US Debt Ceiling Crisis Looms: Yellen Issues Urgent Warning
2024-12-27
The Washington Post
The United States government is on the brink of reaching its debt limit, with Treasury Secretary Janet L. Yellen warning that drastic measures will be necessary to maintain federal operations within three weeks. As the nation's debt continues to rise, policymakers are under pressure to find a solution to avoid a potential economic crisis. With the deadline fast approaching, Yellen's warning has sparked concerns about the impact on the economy, government spending, and the overall financial stability of the country, highlighting the need for swift action to address the debt ceiling and prevent a fiscal cliff.