Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit

WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit.The full text of the letter can be found here and is available below. The Honorable Mike JohnsonSpeakerU.S. House of RepresentativesWashington, DC 20515 Dear Mr. Speaker:I write to keep you apprised of actions the Treasury Department is taking in regard to the debt limit. In my letter of December 27, 2024, I noted that the Fiscal Responsibility Act of 2023 suspended the statutory debt limit through January 1, 2025, and established a new limit effective January 2, and I informed you that Treasury expected to reach the new limit between January 14 and January 23.