Stimulus checks aren’t free – US government projected to run out of money in weeks

[Andy Meek]

Almost two weeks to the day since the federal government sent out the latest wave of stimulus checks totaling some $15 billion, Treasury Secretary Janet Yellin has an urgent warning for lawmakers: The US government is just weeks away from running out of money. Moreover, a federal government shutdown may happen as soon as this week. That's because of a twin set of problems which includes existing government funding set to run out on Thursday.

For two days in a row now, Republicans in the US Senate have blocked Democrats' effort to raise the nation's borrowing limit. That limit has to increase so that government operations and spending can continue uninterrupted. With the increase also accomodating trillions of dollars in new spending approved under this administration.

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Stimulus checks aren’t free – US government projected to run out of money in weeks originally appeared on BGR.com on Tue, 28 Sep 2021 at 19:57:06 EDT. Please see our terms for use of feeds.

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