Treasury Secretary Warns US Is on Track to Hit Debt Ceiling
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Treasury Secretary Warns US Is on Track to Hit Debt Ceiling
Treasury Secretary , Warns US Is on Track , to Hit Debt Ceiling .
On January 13, Treasury Secretary Janet Yellen
told Congress that the United States
would hit the nation's debt limit next week.
ABC News reports that the announcement sets up a showdown between Democrats and Republicans who have vowed to
couple any increase in the debt ceiling with spending cuts.
According to Yellen, on January 19, the U.S.
will hit its $31.4 trillion borrowing limit.
While Treasury is not currently able
to provide an estimate of how long
extraordinary measures will enable us
to continue to pay the governmentâs
obligations, it is unlikely that cash
and extraordinary measures will
be exhausted before early June, Janet Yellen, U.S. Treasury Secretary, via ABC News.
Yellen reportedly added that the Treasury Department will begin implementing "extraordinary measures" to manage the government's cash flow.
ABC News reports that those
measures could include cutting
investments in some retirement funds.
Independent analysts reportedly
caution that the U.S. is not likely to hit
the debt ceiling until late summer or early fall.
In 2011, the U.S. hit the debt
ceiling, which ultimately cost
the nation its AAA rating
U.S. Congresswoman Alexandria Ocasio-Cortez has ignited a firestorm by calling Donald Trump a âRapistâ in a social media post referencing Jeffrey Epstein. The remark, made on X, accused Trump of obstructing the release of Epstein-related files during his presidency. The post went viral, drawing immediate outrage from Trumpâs supporters, with many labeling the comment defamatory.
Conservative voices, including Laura Loomer, invoked precedent from a recent $15 million defamation settlement involving ABCâs George Stephanopoulos. Critics argue Trump has never been criminally convicted of Rape, and AOCâs post could open the door to legal action. The controversy is unfolding alongside renewed scrutiny of the Epstein case, where the DOJ recently denied the existence of a âclient listâ and reaffirmed Epsteinâs death as suicide. AOC has not yet responded to the backlash.
#aoc #donaldtrump #trumpnews #maga #jeffreyepstein #epsteinfiles #aoccontroversy #trumpdefamation #lauraloomer #georgestephanopoulos #breakingnews #politicalnews #usa #xpost #congressnews #defamationcase #civiltrial #ejeancarroll #epsteinupdate #trumplawsuit
~ED.102~HT.408~GR.125~
Donald Trump has denied any cover-up in the Epstein files case, blaming Democrats for manufacturing the controversy to tarnish his administrationâs âperfectâ image. He urged MAGA supporters to stop obsessing over Epstein, warning that theyâre falling for left-wing distractions. Trump claimed the Obama-Clinton camp fabricated the scandal and questioned why Democrats hadnât used any so-called âdamaging filesâ earlier. Despite MAGA backlash, he defended allies like Pam Bondi, while others like Tucker Carlson and Steve Bannon continue attacking the DOJ report.
#Trump #EpsteinFiles #CoverUpClaims #MAGA #DOJReport #TuckerCarlson #SteveBannon #JeffreyEpstein #TrumpAdministration #TrumpDenies #EpsteinControversy #FakeScandal #MAGAResponse #PamBondi #KashPatel #DemocratPlot #ClintonObama #FBI #TrumpVsDeepState #PoliticalDrama #EpsteinDeath #ElectionDistraction #TrumpSpeaks #BreakingNews #ConspiracyTheories #WhiteHouseDefense
Also Read
US Will Send Patriot Missiles To Ukraine: Trump Takes U-Turn Over Arm Deliveries To Kyiv :: https://www.oneindia.com/international/us-will-send-patriot-missiles-to-ukraine-trump-takes-u-turn-over-arm-deliveries-to-kyiv-011-7800325.html?ref=DMDesc
Trump Imposes 35% Tariff On Canadian Goods; Threatens More In Case of Retaliation :: https://www.oneindia.com/international/trump-imposes-35-tarifss-on-canadian-goods-threatens-more-in-case-of-retaliation-7797777.html?ref=DMDesc
Trump Slaps 50% Tariff On Brazil Over 'Witch Hunt' Trial Against Bolsonaro :: https://www.oneindia.com/international/trump-slaps-50-tariff-on-brazil-over-witch-hunt-trial-against-bolsonaro-011-7796631.html?ref=DMDesc
~GR.124~HT.408~ED.103~
Trump In Epstein Trouble: A major rift has appeared within the MAGA movement as supporters turn on President Donald Trump. The controversy ignited after Trump publicly defended Attorney General Pam Bondi, a move seen by many conservatives as a dismissal of concerns surrounding the recently unsealed Epstein files. This defense has triggered an unprecedented backlash from his own base.
The fallout has been swift and visual. Influential conservative figures have condemned Trump's stance, and viral videos have spread across social media showing die-hard supporters burning their MAGA hats and other merchandise in protest. This public display of disillusionment signals a deep fracture within what was once Trump's most loyal demographic. As Trump scrambles to control the narrative with a 400-word post on Truth Social urging unity, even figures like Elon Musk have taken public jabs at him over the issue.
Sensing a critical moment of weakness, the Democratic party is moving quickly to capitalize on the Republican infighting. Former President Barack Obama is set to return to the political frontline, headlining a major fundraiser in New Jersey this Friday alongside DNC Chair Ken Martin. This event, Obama's first since the 2024 election, is designed to rally the Democratic base and frame the GOP's internal conflict as a major liability ahead of the crucial 2026 midterm elections.
This report from Oneindia News breaks down the timeline of the MAGA backlash, Trump's attempts at damage control, and the strategic moves being made by Barack Obama and the Democrats. Stay tuned for the latest updates on this developing story in US politics.
#DonaldTrump
#MAGA
#USPolitics
#BreakingNews
#OneindiaNews
#EpsteinFiles
#Obama
#PamBondi
#LatestNews
#Politics #TrumpInEpsteinTrouble
Also Read
Trump Imposes 35% Tariff On Canadian Goods; Threatens More In Case of Retaliation :: https://www.oneindia.com/international/trump-imposes-35-tarifss-on-canadian-goods-threatens-more-in-case-of-retaliation-7797777.html?ref=DMDesc
Trump Slaps 50% Tariff On Brazil Over 'Witch Hunt' Trial Against Bolsonaro :: https://www.oneindia.com/international/trump-slaps-50-tariff-on-brazil-over-witch-hunt-trial-against-bolsonaro-011-7796631.html?ref=DMDesc
US President Donald Trump Announces 25% Tariffs On Japan, South Korea :: https://www.oneindia.com/international/us-president-donald-trump-announces-25-tariffs-on-japan-south-korea-7794333.html?ref=DMDesc
~HT.410~
Independent Senator Bernie Sanders has thrown his full support behind NYC mayoral nominee Zohran Mamdani, a democratic socialist challenging billionaire-backed candidates in a high-stakes race. As Mamdaniâs people-first agenda gains traction, Wall Street titans, mega-landlords, and political elites are pouring tens of millions into anti-Mamdani effort
#BernieSanders #ZohranMamdani #NYCPolitics #WallStreet #BillionaireBacklash #NYCMayoralRace #BernieBacksMamdani #MamdaniForMayor #WallStreetVsPeople #NYPrimary #Cuomo #Mamdani2025 #BernieTour
Also Read
Bernie Sanders to Run for Fourth Senate Term Amid US Democratic Concerns :: https://www.oneindia.com/international/bernie-sanders-82-seeks-fourth-senate-term-011-3818219.html?ref=DMDesc
Operation Rakth Chandan: DRI seizes Red Sanders worth Rs 11.70 crore :: https://www.oneindia.com/india/operation-rakth-chandan-dri-seizes-red-sanders-worth-rs-11-70-crore-3414939.html?ref=DMDesc
Bernie Sanders drops out of 2020 Democratic presidential campaign :: https://www.oneindia.com/international/bernie-sanders-drops-out-of-2020-democratic-presidential-campaign-3068152.html?ref=DMDesc
~HT.410~GR.124~
President Donald Trump lashed out at Democrats for unanimously opposing his proposed "Big Beautiful Bill," which includes major tax cutsâno tax on tips, Social Security, or overtime. At a fiery rally, Trump praised Republicans for supporting the measure and called out Democrats for offering "not one positive vote." Branding it the âbest tax reform in American history,â Trump declared, âEvery Democrat should lose their election!â The sharp rebuke sets the tone for a heated election cycle showdown.
#TrumpSpeech #BigBeautifulBill #TrumpRally #TaxCuts #NoTaxOnTips #NoTaxOnOvertime #Trump2024 #Republicans #Democrats #TrumpVsDemocrats #BBB #GOP #Election2024 #PoliticalShowdown #TaxReform #TrumpNews #TrumpCampaign #TaxRelief #SocialSecurity #POTUS45 #BreakingNews #USPolitics #CongressVotes #AmericaFirst
Also Read
US President Donald Trump Announces 25% Tariffs On Japan, South Korea :: https://www.oneindia.com/international/us-president-donald-trump-announces-25-tariffs-on-japan-south-korea-7794333.html?ref=DMDesc
Trump Calls Muskâs America Party Plan âRidiculousâ And âUnworkableâ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc
America Will Be Richer, Safer, and Prouder: Trump As Big, Beautiful Bill Passes Congress :: https://www.oneindia.com/international/trump-s-big-beautiful-bill-passes-congress-in-big-win-for-us-president-011-7790919.html?ref=DMDesc
~HT.410~ED.420~
Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new âAmerica Party,â calling the move âridiculousâ and branding Musk a âtrain wreck.â Trump warned Muskâs third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both major parties as corrupt and vowing to shake up Congress in 2026. The clash escalates as Trump celebrates his anti-EV mandate bill and accuses Musk of personal lobbying and political chaos.
#TrumpVsMusk #AmericaParty #ElonMusk #DonaldTrump #PoliticalShakeup #ThirdPartyPolitics #EVMandate #Tesla #TruthSocial #USPolitics #2026Elections #MuskTrainwreck #Uniparty #MuskVsTrump #CorruptSpending #GOPChaos #Congress2026 #OnePartyState #FreedomMovement #EVBill #PoliticalFeud #ElonInPolitics #TrumpRant #MuskPartyLaunch #NewPoliticalParty #BreakingPolitics #BillionaireBattle
Also Read
US President Donald Trump Announces 25% Tariffs On Japan, South Korea :: https://www.oneindia.com/international/us-president-donald-trump-announces-25-tariffs-on-japan-south-korea-7794333.html?ref=DMDesc
Trump Calls Muskâs America Party Plan âRidiculousâ And âUnworkableâ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc
'Giving You Back Your Freedom': Elon Musk Launches America Party :: https://www.oneindia.com/international/giving-you-back-your-freedom-elon-musk-launches-america-party-7792741.html?ref=DMDesc
~HT.410~ED.420~
Trump border czar Tom Homan delivered a fiery speech at a Florida student summit, clashing with a heckler and promising to lead the âbiggest deportation operation everâ. After a heckler asked if he was part of MS-13, Homan fired back, calling him a âloserâ who lives in his momâs basement. Defending ICE agents as âAmericaâs finest 1%,â Homan declared he wonât back down. His aggressive defense of Trumpâs immigration policy drew cheers and chants of âU-S-Aâ from the crowd, as Homan promised: âTom Homan isnât going anywhere.â
#TomHoman #Immigration #Deportation #ICE #StudentSummit #USPolitics #AmericaFirst #TrumpAgenda #PoliticalSpeech #FloridaEvent #USAChants #ProtestDrama #Heckler #TrumpSupporters #GOP #Patriotism #HomelandSecurity #HomanSpeech #BorderControl #USNews #TrumpRally
~HT.410~ED.103~GR.124~
President Donald Trump lashed out at a reporter during a Texas flood roundtable, calling the question about lack of early warnings âvery evil.â Visiting Central Texas following massive flash floods that left over 100 dead, Trump praised FEMA and Governor Greg Abbottâs response team, pledging swift federal aid. The Texas âFlash Flood Alleyâ region suffered rapid water surges, catching communities unprepared. Trump claimed âfully funded within minutesâ and commended responders. He reiterated that such rapid flooding was unprecedented, dismissing criticisms. Republican Rep. Chip Roy defended him, calling the question âridiculous.â Trump also avoided answer on future FEMA role. With casualties including at least 27 campers in Kerr County, the event highlighted his administration's partnership with Texas officials. His remarks stirred controversy over leadership tone and disaster preparedness in face of growing climate disasters.
#Trump #TexasFloods #FlashFloodAlley #TrumpVsReporter #FEMA #GregAbbott #CrisisResponse #TrumpSlamsReporter #TexasDisaster #FloodWarnings #Evacuation #TexasHillCountry #DisasterFunding #ClimateCrisis #TrumpRoundtable #FloodVictims #KerrCounty #MediaScrutiny #RepublicanDefense #FloodPreparedness
~HT.410~ED.103~GR.124~
Donald Trump ripped into Vladimir Putin, accusing him of killing "too many people" and mistreating human lives. In a sharp shift, Trump confirmed he supports sending defensive weapons to Ukraine, criticizing Biden for over-equipping Kyiv but acknowledging Ukrainian bravery. âWe gave them far more than Europe. Shouldâve been less,â Trump said. Calling Putin ânice but meaningless,â Trump admitted, âWe get a lot of bullsh*t thrown at us.â His remarks mark a dramatic tone against the Russian leader ahead of the 2024 race.
#TrumpVsPutin #UkraineWar #DefensiveWeapons #TrumpSpeech #VladimirPutin #TrumpUkrainePolicy #BreakingNews #PutinCriticism #RussiaUkraine #USPolitics #Trump2024 #WarInUkraine #TrumpOnRussia #UkraineDefense #PutinAccountability #GOP #TrumpStatement #GlobalPolitics #RussiaSanctions #MilitaryAid #USForeignPolicy #TrumpSlamsPutin #TrumpInterview #PutinWarCrimes #BidenUkrainePolicy
Also Read
US President Donald Trump Announces 25% Tariffs On Japan, South Korea :: https://www.oneindia.com/international/us-president-donald-trump-announces-25-tariffs-on-japan-south-korea-7794333.html?ref=DMDesc
Trump Calls Muskâs America Party Plan âRidiculousâ And âUnworkableâ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc
America Will Be Richer, Safer, and Prouder: Trump As Big, Beautiful Bill Passes Congress :: https://www.oneindia.com/international/trump-s-big-beautiful-bill-passes-congress-in-big-win-for-us-president-011-7790919.html?ref=DMDesc
~HT.410~ED.420~