Janet Yellen issues grim warning to Congress over America's fiscal future

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Janet Yellen issues grim warning to Congress over America's fiscal future

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Outgoing Treasury Secretary Janet Yellen has issued a stark warning to Congress about the United States' fiscal future. In a letter to Republican House Speaker Mike Johnson on Friday, Yellen claimed that the federal government will hit its debt limit as early as next month unless Congress takes action. Otherwise, she said, the Treasury Department would have to begin taking 'extraordinary measures' to prevent the US from defaulting on its debt.
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