The US Treasury Department plans to take “extraordinary measures” as of January 21 to prevent default in the country. This is stated in letter department chair Janet Yellen to House Speaker Mike Johnson.
“I am informing you about the emergency measures that the Ministry of Finance will start taking as of January 21. There is a significant uncertainty for how long the emergency measures will be valid,” he warned.
Yellen announced that the Treasury Department would suspend the allocation of funds to pay for some aid. He also noted potential difficulties in predicting payments and collections.
The US Treasury chief added that the “emergency measures” will last until March 14.
January 14 RIA Novosti reportedSince the current head of state, Joe Biden, has not indicated his intention to raise the ceiling to a new value, the US national debt could reach the upper limit established by law, putting the economy in danger of default, and future President Donald Trump will not have time to take office to prevent a dangerous situation.
One day before the announced measures will happen The inauguration ceremony of US President-elect Donald Trump. future president put forward investor Scott Bessent has been nominated for the post of Treasury Secretary.
Previously Musk statedThat the United States could go bankrupt because of the national debt.