(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leaders last Thursday notifying them that the agency has begun taking “extraordinary measures” as the federal government bumps up against its debt limit of just over $31 trillion.

That means Congress has until about June to raise the debt ceiling or potentially default on the U.S. debt obligations for the first time ever.

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.