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US Treasury to launch measures to avoid debt limit breach
US will hit debt limit on Tuesday, Treasury's Yellen warns in letter. What happens next?
Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.
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.
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling,
CBO, national debt
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump. The nonpartisan Congressional Budget Office released its 10-year budget outlook on Friday that showed a slightly brighter picture as
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
Biden Administration Forgives More Debt
US Student Debt Ends Biden Era Bigger Than When He Took Office
One of President Joe Biden’s signature promises was to ease the student-loan burden on millions of Americans. He’ll leave office with the debt pile slightly bigger than when he arrived.
Biden Administration Forgives More Debt As Its Last Act on Student Loans
KEY TAKEAWAYS As its last student loan forgiveness action, President Joe Biden's administration forgave debt for 8,650 borrowers.This round gave more than $600 million to 4,550 borrowers enrolled in the Income-Based Repayment plan as part of payment count adjustments for Income-Driven Repayment plans.
Biden admin announces last round of student debt relief
The Biden administration announced Thursday its final round of student debt relief, topping off the most loan forgiveness ever given in a presidency. The Department of Education announced it was forgiving more than $600 million of student loans for 4,
14h
on MSN
What happens if a debt collector sues you but you can't pay?
Being sued over old debt is stressful, but there are ways to resolve this issue, even if you're short on funds.
1d
on MSN
How to Avoid Paying Taxes on Debt Settlement
One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...
12h
on MSN
National debt races toward record level 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 ...
13h
on MSN
Can you dispute a debt that was sold to a debt collector?
Disputing debt in collections isn't just an option; it's advisable in many situations. . Every year, millions of Americans ...
4d
on MSN
Industry groups sue to stop Biden from banning medical debt on credit reports
Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit ...
9h
on MSN
Ro Khanna says Democrats should demand a minimum wage increase in exchange for helping Trump raise the debt ceiling
Democrats may need to help Republicans raise the debt ceiling this year.If that happens, Democrats aren't going to do it for ...
20h
on MSN
‘He’s twice mentioned divorce’: My new husband told me he will have $500K for retirement, but he’s actually $80K in debt. How do I protect myself?
Six months after we married, we had planned to get pre-qualified for a mortgage with the intention of selling both our homes.
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Joe Biden
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