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U.S. hits debt limit, prompting "extraordinary measures" to avoid default

Summary by CBS News
Treasury Secretary Janet Yellen told congressional leaders that the U.S. has hit the limit on the amount of debt it can issue to fulfill its obligations, prompting "extraordinary measures" that will allow the country to avoid a catastrophic default for at least the next few months.

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Fox Business broke the news in United States on Wednesday, January 18, 2023.
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