Treasury Secretary Janet Yellen pleads with Congress to raise or suspend debt limit
CBSN
Treasury Secretary Janet Yellen urged Congress Wednesday to address the debt ceiling immediately, in order to keep the U.S. from defaulting on its financial obligations.
In 2019, President Trump suspended the nation's borrowing limit for two years, until after the 2020 elections, and that suspension will expire on July 31, setting off a likely battle in Congress over spending. "I would plead with Congress simply to protect to full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible," Yellen said.
When President Trump issued sweeping pardons to some 1,500 Jan. 6 defendants on his first day in office, his action did not distinguish between those who peacefully wandered the Capitol grounds four years earlier and those who engaged in violence against police.
Washington — President Trump said Tuesday that he could impose hefty tariffs on automobile imports, but said he would have more to say in early April.
The National Science Foundation — an independent federal agency that funds scientific research around the globe — has fired 168 probationary employees in adherence to orders from the White House, according to an agency spokesperson.
Billionaire Elon Musk's role in the Trump administration is to find ways to cut costs through the newly created Department of Government Efficiency, or DOGE. But a new court filing from the White House states that the Tesla CEO isn't an employee of DOGE, adding that Musk "has no actual or formal authority to make government decisions himself."
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Mexico announced Monday the seizure of 440 pounds of methamphetamine in a cartel heartland, as it comes under mounting pressure from President Donald Trump to tackle drug trafficking.