Published 1 year ago

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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The Hindu

US Treasury buys time for Biden and GOP on debt limit deal

The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion

1 year ago·India

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CTV News

U.S. Treasury buys time for Biden and GOP on debt limit deal

The countdown toward a possible U.S. government default began Thursday with Treasury implementing accounting measures as a stopgap, while frictions between U.S. President Joe Biden and House Republicans raise alarms about whether the U.S. can sidestep a potential economic crisis.

1 year ago·Canada

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The Independent

US hits debt limit forcing government to take ‘extraordinary measures’

The United States hit the debt limit on Thursday, which triggered the US Treasury Department to take “extraordinary measures” to ensure that the country could fulfill its debt obligations.

1 year ago·London, United Kingdom

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CBC News

U.S. hits debt ceiling — and Janet Yellen says 'extraordinary measures' underway to avoid default

The countdown toward a possible U.S. government default is in the offing, and frictions between President Joe Biden and House Republicans are raising alarms about whether the United States can sidestep a potential economic crisis.

1 year ago·Canada

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