The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.
Department of Homeland Security failed to terminate the security credentials for thousands of its former employees, an internal watchdog reported Thursday.
White House press secretary Karine Jean-Pierre faced a barrage of questions Thursday about President Biden’s decision to release notorious arms dealer Viktor Bout as part of a prisoner swap for basketball star Brittney Griner — while leaving fellow Americans Paul Whelan and Marc Fogel behind.
US President Joe Biden will meet with Chinese President Xi Jinping on the sidelines of next week’s G20 summit in Indonesia, the White House said on Thursday.