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Janet Yellen Says U.S. Could Run Out Of Cash To Pay Its Bills In Less Than 3 Weeks

Sen. John Kennedy, R-La., called on Democrats to raise the debt ceiling on their own at a Senate hearing with Yellen and Powell. Kennedy said Democrats can use a process called reconciliation, but Democrats have pushed back hard, saying more than a quarter of the debt now owed by the government was accumulated during the Trump administration.

Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.

(Image credit: Kevin Dietsch/Getty Images)


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