Yellen previously said she believes the U.S. government can keep paying its bills until at least early June by deploying extraordinary measures.
Party City and some of its U.S. units have filed for Chapter 11 bankruptcy, as the retailer looks to restructure its debt.
A pitch deck for the project said the marketplace is aiming to go live by the end of February.
Treasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, “It is unlikely that cash and extraordinary measures will be exhausted before early June.”
Those struggling with credit card debt should proceed with caution when tapping their retirement savings for relief.
Corporate debt and gold could be strong options for investors in 2023, according to Michael Howell, managing director at CrossBorder Capital.
Some student debt forgiveness emails had an incorrect subject line, but contained correct information for borrowers.
Barry Silbert, the founder of crypto conglomerate DCG, said his company is on pace to generate $800 million in revenue this year as he tries to calm investors.
The Biden administration announced that it will extend the payment pause on federal student loans while its forgiveness plan remains blocked in the courts.
The Dept. of Education began notifying borrowers that they are approved for student debt forgiveness, but lawsuits are still blocking relief.
The midterm election results were “positive for seniors.” Yet some say a fight over Social Security could still be brewing with debt ceiling negotiations.
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