Economics
Yellen Says Debt-Limit Measures Could Be Exhausted in Summer
- Some analysts saw special steps lasting until October
- Debt ceiling returns in August after two-year suspension
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Treasury Secretary Janet Yellen said the department’s fiscal tools to keep the national debt from breaching its congressionally mandated limit may be exhausted as soon as this summer, which would be earlier than some analysts are expecting.
“There are scenarios in which, you know, sometime during the summer the extraordinary measures would run out,” Yellen said Friday during a press briefing at the White House.