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Yellen says Treasury is taking extraordinary measures to avoid default as U.S. hits debt limit

Yellen says Treasury is taking extraordinary measures to avoid default as U.S. hits debt limit

U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. 

Jonathan Ernst | Reuters

The Treasury Department started taking so-called extraordinary measures to keep paying the federal government’s bills as the U.S. hit its debt limit Thursday, Treasury Secretary Janet Yellen said.

In a

addressed to House Speaker Kevin McCarthy, R-Calif., Yellen said the…

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