Yellen Warns Congress ‘Extraordinary Measures’ Have Begun After Debt Ceiling Breached

Yellen Warns Congress ‘Extraordinary Measures’ Have Begun After Debt Ceiling Breached


Treasury Secretary Janet Yellen told members of Congress that she has launched “extraordinary measures” to fund the federal government after the debt ceiling was surpassed.

The official notified House Speaker Kevin McCarthy (R-CA) and other lawmakers in a letter that the debt ceiling, an arbitrary limit on the national debt established by Congress, has crossed the current statutory limit of $31.381 trillion as of Thursday. She, therefore, warned lawmakers that efforts to guarantee the solvency of the government have entered into effect.

Yellen said that new investments into the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund had been tentatively suspended until the beginning of June, clarifying that federal retirees and employees will not be affected by the actions. “The period

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