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 apprise you of certain upcoming events and actions related to the statutory debt limit.As you know, the debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.