Treasury secretary estimates US could reach debt limit on December 15

Treasury secretary estimates US could reach debt limit on December 15
Al Drago/Pool/AFP/Getty Images

Treasury Secretary Janet Yellen now estimates that the government will run out of money on December 15, an extension from the previous deadline of December 3.

“There are scenarios in which Treasury would be left with insufficient remaining resources to continue to finance the operations of the U.S. Government beyond this date,” Yellen said of the new deadline in a letter to House Speaker Nancy Pelosi on Tuesday.

This story is breaking and will be updated.

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