Tag Archives: Debt Limit

Treasury Reiterates Warning US Government Could Run Out of Money to Service Debt By October

WASHINGTON (Sputnik) – The US government could run out of money as early as next month to service its debt, Treasury Secretary Janet Yellen said on Wednesday, reiterating her warning that emergency measures put in place to raise cash could be exhausted soon.

“Given this uncertainty, the Treasury Department is not able to provide a specific estimate of how long the extraordinary measures will last,” Yellen said in a copy of her letter to Pelosi, released by the department. “However, based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October.”