2025-06-26 06:08:20

#Kevin Lee Joins Gate Square

US Treasury pushes debt limit deadline to July 24 to avoid default
The US Treasury will continue using emergency accounting measures to prevent breaching the debt ceiling until July 24, 2025.
This will allow lawmakers more time to solve the problem before funds run dry. Treasury Secretary Scott Bessent urged Congress to act before the August recess, warning that court decisions on Trump-era tariffs could accelerate the projected X-date.
Treasury extends emergency actions to avoid hitting the debt limit
Bessent extended the period when the government can use “special accounting measures” to stay under the legal debt limit. The move allows the Treasury Department to temporarily shift funds between federal accounts and pause investments in certain government programs.
#Crypto Stocks Surge in Hong Kong
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