Economy

How the Treasury is scrambling to stop default — or mitigate its fallout

By Zach Halaschak
Published May 11, 2023 9:00am ET
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How the Treasury is scrambling to stop default — or mitigate its fallout
The country is embroiled in its most risky debt ceiling standoff in more than a decade, and Treasury officials are working both publicly and behind the scenes to prepare. The so-called X-date, the point at which the Treasury will not be able to make payments on incoming bills on time and in full, is fast […]

The country is embroiled in its most risky debt ceiling standoff in more than a decade, and Treasury officials are working both publicly and behind the scenes to prepare.

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Debt Debt Ceiling Finance Janet Yellen Treasury Department