Treasury Secretary Janet Yellen on Oct. 18 said the signing of the debt limit increase into law last week will ensure the funding of the federal government through Dec. 3. In a letter (pdf) addressed to House Speaker Nancy Pelosi, Yellen said the debt-limit raise “provides only a temporary reprieve.” Yellen also urged Congress to “increase or suspend the debt limit in a way that provides longer-term certainty that the government will satisfy all its obligations.” The Senate passed the bill on Oct. 8 on a party-line vote of 50–48, coming after 11 Republicans, including Senate Minority Leader Mitch McConnell (R-Ky.), joined Democrats to end a filibuster that required 60 votes. McConnell told President Joe Biden on Oct. 8 that Republicans won’t help Democrats raise the debt limit again. “I am writing to make it clear that in light of Senator Schumer’s hysterics and my grave concerns about the ways …


Leave a Reply

%d bloggers like this: