The United States has officially reached its statutory debt limit (pdf) of $31.381 trillion on Jan. 19 as was predicted by Treasury Secretary Janet Yellen in a letter to Congress (pdf) on Jan. 13. The Treasury Department will now have to implement extraordinary measures to prevent default on the national debt.
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US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
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