U.S.NEWS – The treasury secretary warned congressional leaders on Friday that the department would begin taking “extraordinary measures” next week, repurposing federal funds to extend the date that the government is expected to run out of money.
The national debt is projected to reach its nearly $31.4 trillion limit on Jan. 19, Treasury Secretary Janet Yellen wrote in a letter to congressional leaders on Friday. And although the department will employ certain measures to avoid a default – which has not occurred in the nation’s history – she warned that the measures are only temporary.
