U.S. treasury department

Treasury to increase borrowing amid debt ceiling standoff

The Associated Press WASHINGTON (AP) - The Treasury Department has announced plans to increase its borrowing during the first three months of 2023. The move highlights the ongoing debate over federal spending that has overtaken Washington, as the U.S. government…

US Treasury buys time for Biden and GOP on debt limit deal

The Associated Press WASHINGTON (AP) - The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion. Treasury Secretary Janet Yellen sent a letter to congressional leaders…