All posts tagged: treasury department

The US Only has a Few Days before its Overspending Hits the Limit of its Borrowing Authority

Headline news of The Washington Post on 13 January 2023: “House Republicans prepare emergency plan for breaching debt limit.” Reportedly, “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 […]