News list for " Letter to Congress"

Analysis: The US debt ceiling could be hit during Trump's inauguration, or it could be a signal that Bitcoin is bottoming out

In a letter to congressional leaders, Janet Yellen, Treasury secretary, said the Treasury expected the US to hit the debt ceiling as early as January 14-23, 2025, and that "extraordinary measures" might be needed to avoid the federal government falling into default. Risk assets ended weaker just before the letter was released. US stocks fell, with the Standard & Poor's 500, Nasdaq 100 and Dow Jones Industries Average all down about...

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2024-12-30 14:04:03
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