Congress has until Oct. 18 to raise debt ceiling, Yellen says

By Zach Halaschak

Published September 28, 2021 1:58pm ET

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Congress has until Oct. 18 to raise debt ceiling, Yellen says — Treasury Secretary Janet Yellen said that Oct. 18 is the last day the United States can ensure it can pay its bills, setting a deadline for lawmakers to raise the debt ceiling. The revelation of the date gives Congress just three weeks before the U.S. could default on its obligations — something that has never […]

Treasury Secretary Janet Yellen said that Oct. 18 is the last day the United States can ensure it can pay its bills, setting a deadline for lawmakers to raise the debt ceiling.

The revelation of the date gives Congress just three weeks before the U.S. could default on its obligations — something that has never happened and a prospect that economists fear could generate chaos across the financial system.

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Budgets and Deficits Congress Debt Ceiling Government Shutdown Janet Yellen Treasury Department