The U.S. government is facing a looming deadline as the debate surrounding the debt ceiling intensifies. The Treasury Department has issued a strong warning to Congress, urging swift action to raise the debt limit before it triggers a potential default. This plea comes amid the Senate’s ongoing deliberations on a tax and spending bill that includes crucial provisions for increasing the debt ceiling. Secretary Yellen, emphasizing the urgency of avoiding a default by mid-year, is advocating for immediate legislative action. Her statement underscores the critical nature of this issue as it could have far-reaching consequences for both traditional financial markets and the crypto market. The Treasury Department is taking extraordinary measures to maintain liquidity during these challenging times. These actions are in alignment with Yellen’s calls, highlighting the importance of avoiding default by mid-year. Meanwhile, global markets are bracing for a potential shift as the U.S. inches closer to its debt ceiling limit. The impact of this uncertain situation on international financial systems is being closely watched. Global investors, anticipating possible market instability, are urging Congress to act swiftly and decisively.