Yellen warns US could again hit debt limit on December 15

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AFP

Washington (AFP) – The US government may run out of money by December 15, Treasury Secretary Janet Yellen warned Tuesday in a letter encouraging lawmakers to raise the country’s debt limit to avoid a default. Democrats and Republicans in Washington have squabbled in recent months over raising the legal limit on how much debt the United States can accumulate. In October, they came within days of hitting the ceiling before agreeing to a $480 billion stop-gap hike, which Yellen said would keep the government running until December 3. In a letter to House Speaker Nancy Pelosi, the Treasury secreta…

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