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Treasury Secretary Janet Yellen said that despite the government hitting the debt ceiling months ago, there has been no plan for prioritizing payments presented to the president.
Both Democrats and Republicans have tried to use the specter of China to justify their own budget plans.
Treasury Secretary Janet Yellen offered senators no assurance that a Republican plan to prioritize payment of the nation’s ...
The House Ways and Means Committee will consider a bill on Thursday that would prioritize federal spending if the U.S. hits the debt ceiling later this year.
House Republicans are preparing a plan telling the Treasury Department what to do if Congress and the White House don't agree to lift the nation's debt limit later this year, underscoring the brinkmanship newly empowered conservatives will bring to the high-stakes negotiations over averting a U.S. default, according to six people aware of the internal discussions.