Janet Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ 'Extraordinary Measures'

She doesn’t mention that she has been intentionally reducing the cash balance in the govt checking acct, forcing a debt crisis on Trump when he takes over.

Kevin McCarthy foolishly gave Biden/Yellen an unlimited debt ceiling thru January 1, 2025 back in 2023 during a CR vote. It made no sense and that is one reason McCarthy was ousted as Speaker.

Sec of Treasury Janet Yellen could borrow unlimited amounts during December 2025 and increase cash levels to a large amount, in anticipation of the debt ceiling snapping into effect January 1, 2025.

But she did the opposite. She has been doing low borrowing amounts and intentionally reducing cash levels to below normal levels.

That has the effect of forcing Trump and the GOP Congress into a debt crisis early in 2025 and a painful debt ceiling vote.

This was an intentional act by Biden and Yellen.