Congress has over two weeks to raise the debt ceiling, Treasury Secretary Janet Yellen warns

Treasury Secretary Janet Yellen has long said her department would have to end "its extraordinary measures" if Congress didn't raise the debt ceiling at some point in October. Now, she has a specific date.

The day of reckoning looks like it'll be Oct. 18. "At that point, we expect Treasury would be left with very limited resources that would be deplete quickly," Yellen wrote in a letter to House Speaker Nancy Pelosi (D-Calif.) on Tuesday. "It is uncertain whether we could continue to meet all the nation's commitments after that date."

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.