Treasury Secretary Janet Yellen is warning Congress about the approaching debt ceiling deadline and urging them to take action. Yellen expects the government to reach its debt limit sometime in January due to Medicare payments, and the government will need to take "extraordinary measures" to pay its bills. These measures could include suspending investments in certain entitlement programs and pausing sales of treasury securities. Yellen is concerned about the high national debt, which currently stands at $36.28 trillion, and the increasing interest costs associated with it. She believes the deficit needs to be brought down, especially with higher interest rates and the significant impact of interest costs on the budget deficit.



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