Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.

President-elect Donald Trump will take charge of a federal government that will reach its self-imposed debt limit of $36 trillion dollars a day after he is sworn in on Monday.

Some issues never truly go away, and the U.S. debt ceiling, which limits the maximum amount the government can borrow, is one of them. It's back

Key Points ・Department of Education is increasing its direct monitoring of student loan servicers ・More accountability on companies via withholding of payments ・Student loan borrowers to be made whole when issues happen The United States approaches another debt ceiling deadline in January 2025,

U.S. Treasury Secretary Janet Yellen said that the government would reach its statutory borrowing limit on Tuesday and would begin employing "extraordinary measures" to keep from breaching the cap and triggering a potential catastrophic default.