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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