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federal borrowing

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A man walks away from the U.S Treasury Department in Washington, U.S., August 6, 2018. Photo by Brian Snyder/Reuters

Politics Jan 30

Treasury Department to increase borrowing amid debt ceiling standoff

By Fatima Hussein, Associated Press

Politics Jan 11

U.S. Treasury Secretary Yellen visits South Korea
The federal government is set to max out on debt. Here’s why it could start a political standoff

The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month. That starts the clock on an expected standoff between President Joe Biden and the new House Republican majority.

By Fatima Hussein, Josh Boak, Associated Press

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