Braking Down The News

Yellen Says Debt-Limit Deal Will Keep Government Funded Through Dec. 3

Treasury secretary tells Congress it is ‘imperative’ to increase or suspend debt limit to provide longer-term certainty

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Treasury Secretary Janet Yellen on Monday said the debt-limit deal enacted by Congress last week will allow the government to keep paying its bills through Dec. 3.

In a letter to Capitol Hill leaders, Ms. Yellen said the deal “provides only a temporary reprieve” and urged lawmakers to take further action to ensure that the government can continue to borrow money.

 

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