Treasury Secretary: ‘Extraordinary Measures’ to Be Taken If Congress Doesn’t Raise Debt Limit
Treasury Secretary Janet Yellen on Friday urged congressional leaders to suspend or raise the national debt limit before Aug. 1. or face dire economic consequences.
Yellen warned that if Congress does not take action, her department will need to implement “extraordinary measures” to prevent the government from defaulting on its loans.
“If Congress has not acted to suspend or increase the debt limit by Monday, August 2, 2021, Treasury will need to start taking certain additional extraordinary measures in order to prevent the United States from defaulting on its obligations,” Yellen wrote in a letter to congressional leaders.
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Adam Kinzinger, Elizabeth Cheney, John Katko and Jaime Herrera Beutler (Getty Images)
The House had enough votes on Wednesday, January 13, to impeach President Trump for inciting a violent insurrection against the United States government. The House voted to impeach Trump for the second time making him the only U.S. president to ever be impeached twice. The resolution passed with 232 âAyesâ, 197 âNaysâ, and four legislators abstaining from voting. Of the 232, ten names were those from the Republican party.
Republicans, led by Representative Liz Cheney of Wyoming, the partyâs third-ranking leader in the House, supported the charge of Trump âinciting violence against the government of the United Statesâ and requested his immediate removal from office and disqualification from ever holding one again. This is a far cry from Trumpâs first impeachment in 2019 when not a single Republican voted in favor. Who are the ten Republi