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Janet Yellen Warns Of Irreparable Harm If Congress Doesn t Raise The Debt Ceiling

Font Size: Treasury Secretary Janet Yellen warned congressional leaders Friday that failing to raise the debt ceiling would risk “irreparable harm to the U.S. economy and the livelihoods of all Americans.” In a letter, Yellen said that she did not know how long the Treasury Department could prevent the U.S. from defaulting on its debt, which could carry catastrophic economic consequences. The debt ceiling is set to expire on Aug. 1. “In recent years Congress has addressed the debt limit through regular order, with broad bipartisan support,” Yellen wrote. “I respectfully urge Congress to protect the full faith and credit of the United States by acting as soon as possible.”

EXCLUSIVE: Tom Cotton Believes America Would Be Better Off Without Roe v Wade

EXCLUSIVE: Tom Cotton Believes America Would Be Better Off Without Roe v Wade
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Texas Moves Detained Illegal Immigrants to Vacant State Prison

Texas Moves Detained Illegal Immigrants to Vacant State Prison A Texas Department of Public Safety trooper looks over the Rio Grande at the U.S.-Mexico border on March 23, 2021, in McAllen, Texas. The department s troopers are taking part in Operation Lone Star in supporting U.S. Border Patrol agents to deny Mexican cartels and other smugglers the ability to move drugs and people into Texas. (Photo: John Moore/Getty Images) Texas law enforcement officials have received the first migrants arrested and charged with state offenses at a vacant state prison, a Department of Criminal Justice spokesperson says. Officials on Tuesday transferred the first three migrants from the Val Verde County Jail near Del Rio, Texas, to the Dolph Briscoe Unit in Dilley as part of Operation Lone Star, according to a statement provided to The Daily Caller News Foundation.

Within Days of More Evictions, Only Fraction of Federal Rent Aid Spent

The federal government has spent less than $3 billion of $46.6 billion given to the Emergency Rental Assistance program, the Treasury Department says. Pictured: Protesters in Reading, Pennsylvania, demonstrate last September against evictions during the pandemic. (Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images) The Treasury Department has awarded a small fraction of the tens of billions of dollars Congress appropriated since January for rental assistance during the COVID-19 pandemic. The federal government has spent less than $3 billion of $46.6 billion given to the Emergency Rental Assistance program, the Treasury Department announced Wednesday. The U.S. doled out $1.49 billion from January through May and $1.5 billion in June to low-income renters nationwide, according to a spreadsheet published by the agency.

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