Treasury Secretary Warns US Is on Track to Hit Debt Ceiling
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Treasury Secretary Warns US Is on Track to Hit Debt Ceiling
Treasury Secretary , Warns US Is on Track , to Hit Debt Ceiling .
On January 13, Treasury Secretary Janet Yellen
told Congress that the United States
would hit the nation's debt limit next week.
ABC News reports that the announcement sets up a showdown between Democrats and Republicans who have vowed to
couple any increase in the debt ceiling with spending cuts.
According to Yellen, on January 19, the U.S.
will hit its $31.4 trillion borrowing limit.
While Treasury is not currently able
to provide an estimate of how long
extraordinary measures will enable us
to continue to pay the governmentâs
obligations, it is unlikely that cash
and extraordinary measures will
be exhausted before early June, Janet Yellen, U.S. Treasury Secretary, via ABC News.
Yellen reportedly added that the Treasury Department will begin implementing "extraordinary measures" to manage the government's cash flow.
ABC News reports that those
measures could include cutting
investments in some retirement funds.
Independent analysts reportedly
caution that the U.S. is not likely to hit
the debt ceiling until late summer or early fall.
In 2011, the U.S. hit the debt
ceiling, which ultimately cost
the nation its AAA rating
The FBI has identified the person who fired shots at former US President Donald Trump during his rally in Pennsylvania on Saturday. The suspect has been identified as Thomas Matthew Crooks. The FBI confirmed that the Republican who shot Trump used an AR-15. The US Secret Service is now investigating how a person with an AR-15 rifle entered the scene and was able to fire multiple shots. Former President Donald Trump was swarmed by Secret Service agents and rushed off the stage after the gunman opened fire at a rally in Butler, Pennsylvania The shooter fired as many as eight rounds from an AR-style rifle while perched on a rooftop adjacent to the venue and was 200-300 yards away at the time of the shooting, law enforcement sources told ABC News.
#DonaldTrump #TrumpWeapon #AR15 #USGunLaws #USSecurityService #SecurityServiceChief #KimberlyCheatle #TrumpAssassinationAttempt #TrumpShot #DonaldTrumpShot #DonaldTrumpAssassination #AssassinationDonaldTrump #DonaldTrumpShotCampaign #DonaldTrumpEar #DonaldTrumpBullet #USNews #BreakingNews #InternationalNews #DonaldTrumpAssassination #Biden #Trump #PoliticalViolence #NationalUnity #USPresident #BreakingNews #RehobothBeach #DonaldTrump #SecretService #StateAgencies
Joe Biden tells all in his first television interview since the presidential debate against Donald Trump. We're looking at the most-viewed primetime network shows on today's THR Charts: The Breakdown for Wednesday, July 10th.
Credit: The Hollywood Reporter Duration: 01:24Published
Justin Timberlake has been arrested. According to ABC News and CNN the pop singer has been arrested by local police in Sag Harbor, New York for allegedly driving while intoxicated. The arrest in the Hamptons took place on Monday night and Timberlake is expected to make a court appearance on Tuesday facing a DWI charge. The incident comes a day after the singer posted a sweet Father's Day message on his Instagram.
Credit: The Hollywood Reporter Duration: 01:10Published
In a recent interview with ABC News, President Joe Biden revealed that Israeli Prime Minister Benjamin Netanyahu has heeded his warnings against launching a major military offensive in Rafah, Gaza. Biden detailed that the Israeli Defense Forces (IDF) have adjusted their plans to execute a more precise operation rather than a full-scale invasion.
#BidenNetanyahu #GazaConflict #USIsraelRelations #MiddleEastPeace #GazaOffensive #IDFOperations #DiplomaticPressure #CeasefireEfforts #HostageNegotiations #PoliticalTensions #InternationalDiplomacy #HumanitarianCrisis #MiddleEastPolitics #PeaceTalks #GlobalNews
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Rachel Reeves will echo one of the great cameos in cinema history on Monday, when she updates Parliament on the findings of a Treasury audit of the public.. Sky News
Unfunded spending commitments crash the economy, a Treasury minister has warned, as he defended keeping the two-child benefit cap in what is shaping up to be the.. Sky News
Newly-apponinted chancellor, Rachel Reeves, has told the Treasury her central mission in government is to restore economic growth. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Macâs chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Republican nominee Donald Trump has unleashed a series of controversial attacks on Kamala Harris, calling her 'crazy,' 'nuts,' and 'dumb as a rock.' These personal attacks, including racist and sexist remarks, have intensified as Harris gains momentum as the likely Democratic presidential nominee. In this video, we explore the implications of these attacks on the Republican Party's strategy and the potential impact on Trump's appeal to Black voters. We also discuss reactions from Republican lawmakers and Black Republican women who express concern over the negative consequences of such personal attacks. Watch to understand how these controversies could shape the upcoming election.
#Trump #KamalaHarris #PoliticalControversy #GOP #Election2024 #RacistAttacks #SexistComments #PoliticalStrategy #RepublicanParty #BlackVoters #DEI #TrumpCampaign #Harris2024 #Politics #CurrentEvents
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Republican presidential nominee Donald Trump has told a crowd of Christians that they won't have to vote again if they vote for him in November saying "we'll.. Sky News
Israeli Prime Minister Netanyahu, addressing US lawmakers, expressed gratitude to both Republican candidate Donald Trump and President Joe Biden for their support of Israel. He praised Trump's past actions, including recognizing Israel's sovereignty over the Golan Heights, confronting Iran, and moving the US embassy to Jerusalem. Netanyahu also thanked Biden for his ongoing efforts to free hostages held by Hamas since the October 2023 attack.
#netanyahu #BenjaminNetanyahu #NetanyahuSpeech #IsraelGazawar #gazawarlive #IsraelHamaslive #Oneindia #Oneindianews
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New bodycam footage from the Pennsylvania rally where Donald Trump survived an assassination attempt has revealed that Thomas Matthew Crooks, who opened fire on the former US President, was identified as a suspicious individual before the incident unfolded. The footage, obtained from the Beaver County Emergency Services Unit and released on X by Republican and Iowa Senator Chuck Grassley, shows local police officers and a man appearing to be a Secret Service agent, discussing how the 20-year-old would-be assassin was spotted at the site hours before he attempted tokill Trump.
#TrumpAssassinationBid #NewFootage #TrumpShooter #SecretServiceWarning #TrumpAttack #BreakingNews #PoliticalViolence #SecurityBreach #TrumpNews #USPolitics #SecurityAlert #ThreatAssessment #PresidentialSecurity #PublicSafety #InvestigativeReport
Former Governor of Alaska, Sarah Palin, casts doubt on Vice President Kamala Harris for âsliding into rolesâ as she attracts the support of enough Democratic delegates to become the party's nominee for president.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn