Yellen warns Treasury could hit debt ceiling as early as June - Roll Call

"After winning control of the House, GOP lawmakers have made clear they intend to extract concessions for a debt limit increase that could include spending cuts, a crackdown on illegal immigration or other measures."

"Senate Majority Leader Charles Schumer (D-N.Y.) and House Minority Leader Hakeem Jeffries (D-N.Y.) issued a joint statement Friday calling on Congress to avoid a potential default "forced by extreme MAGA Republicans," the opening salvo in what will be a months-long battle over raising the federal debt limit."

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"Senate Majority Leader Charles Schumer (D-N.Y.) and House Minority Leader Hakeem Jeffries (D-N.Y.) issued a joint statement Friday calling on Congress to avoid a potential default "forced by extreme MAGA Republicans," the opening salvo in what will be a months-long battle over raising the federal debt limit."

This is a negative sentiment.

"Schumer and Jeffries argue that addressing the debt limit "is about meeting obligations the government has already made" to various constituencies, such as Social Security recipients and veterans."

This is a negative sentiment.

"Schumer and Jeffries argue that addressing the debt limit "is about meeting obligations the government has already made" to various constituencies, such as Social Security recipients and veterans."

This is a negative sentiment.

"u00a9 Provided by The HillnnLawmakers in both parties predict the Democratic-controlled White House and Senate are headed for a showdown with newly elected Speaker Kevin McCarthy (R-Calif.) over the debt limit after McCarthy pledged to House conservatives last week to attach spending reforms to debt limit legislation."

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"A default forced by extreme MAGA Republicans could plunge the country into a deep recession and lead to even higher costs for America's working families on everything from mortgages and car loans to credit card interest rates," the Democratic leaders said in a joint statement, referring to former President Trump's slogan, "Make America Great Again.""

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""The debt limit was increased in a bipartisan way three times when Donald Trump was president, twice when Republicans had majorities in the House and Senate."

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"Schumer and Jeffries called on Republicans to move quickly on debt limit legislation without having to go through lengthy and arduous spending negotiations, as Congress did three times under President Trump.nn"

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"Schumer and Jeffries called on Republicans to move quickly on debt limit legislation without having to go through lengthy and arduous spending negotiations, as Congress did three times under President Trump.nn"

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"Republican leaders must do the right thing to protect Social Security, the economy and our country," Schumer and Jeffries warned."

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"Republican leaders must do the right thing to protect Social Security, the economy and our country," Schumer and Jeffries warned."

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"They issued their statement shortly after Treasury Secretary Janet Yellen warned McCarthy and other congressional leaders Friday that the nation would hit the debt limit on Jan. 19, requiring the Treasury Department to take extraordinary measures to prolong the nation's solvency another few months."

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"They issued their statement shortly after Treasury Secretary Janet Yellen warned McCarthy and other congressional leaders Friday that the nation would hit the debt limit on Jan. 19, requiring the Treasury Department to take extraordinary measures to prolong the nation's solvency another few months."

This is a positive sentiment.