The U.S. Treasury Department is nail-biting over federal government borrowing

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Written By Jennifer Joslyn

💰 The U.S. Treasury Department is nail-biting over federal government borrowing.

The imposed “cap” on the federal government’s debt has been increased over and over again over the last sixty years The current legal capacity is $31.381 trillion, and that limit is quickly approaching. Treasury Secretary Janet Yellen is urging Congress to protect the United States’ credit in order to maintain the country's ability to borrow money at low-interest rates. A strong credit rating can also boost investor confidence in the country's economy, which can lead to increased foreign investment and economic growth.

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Jennifer Joslyn
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