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US to hit debt limit on August 1, Yellen warns Sat 24th July 2021 | 12:00 AM Washington, (UrduPoint / Pakistan Point News - 23rd Jul, 2021 ) :The US government will hit the Federal borrowing limit on August 1, forcing officials to take extraordinary measures until lawmakers increase the level, Treasury Secretary Janet Yellen said Friday. Congress suspended the debt limit in 2019 but that exemption expires in about two weeks, and Yellen warned of dire consequences if Congress fails to act. 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 Statesfrom defaulting on its obligations, Yellen said in a letter to Democratic and Republican lawmakers in Congress.

United statesJanet yellenJoe bidenCongressional budget officeSenate republican mitch mcconnellPakistan point newsTreasury secretary janet yellenUnited states fromLocal government seriesDemocratic president joe bidenஒன்றுபட்டது மாநிலங்களில்ஓஹோ பிடென்காங்கிரஸ் பட்ஜெட் அலுவலகம்செனட் குடியரசு மிட்ச் ம்க்காநெல்பாக்கிஸ்தான் பாயஂட் செய்திஒன்றுபட்டது மாநிலங்களில் இருந்து