.jpg "Kim Thanh reclaims more than 234 hectares of land to build an industrial park")
.jpg "Binh Giang's first quarter budget revenue reached nearly half of the province's annual target.")
.jpg "Early spring tea")
Submit a comment
US Treasury Secretary Janet Yellen warned that the country could hit its debt ceiling as early as mid-January next year, and called on Congress to "act to protect the full faith and credit" of the country.
Lawmakers had previously suspended the debt ceiling, the limit on how much the government can borrow to pay its bills, until January 1, 2025. This means that on January 2, a new limit will be set that matches the amount of debt issued by the Treasury.
In a letter to House Speaker Mike Johnson and other lawmakers, Yellen said: "The debt ceiling is expected to be reached sometime between January 14 and January 23, at which time the Treasury will need to begin taking extraordinary measures" to continue funding government operations and prevent a default.
Congress has previously raised the cap more than 100 times to allow the government to meet its spending commitments.
However, conservatives oppose increasing the nation's massive debt, which currently stands at $36.2 trillion, and many Republicans have never voted for it.
If the debt ceiling is not raised or lifted before the Treasury's tools are exhausted, the government risks defaulting on its debts, with profound implications for the world's largest economy.
.jpg "Hai Duong's agricultural, forestry and fishery value increased by 7.51% in the first quarter.")
