Posted inNational News

US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’

By Ingolfur Stefansson 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. In her letter, Yellen explained […]