Treasury Announces Extraordinary Measures as U.S. Approaches Debt Ceiling

Treasury Secretary Janet Yellen has notified Congress that extraordinary measures will begin on January 21 to avoid a national debt crisis.

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Feds will hit debt ceiling day after Trump’s inauguration, forcing ‘extraordinary measures’: Treasury Secretary

New York Post

Treasury secretary says she’ll take 'extraordinary measures' day after Trump inauguration

AlterNet

Yellen: Debt limit will be hit day after Trump’s inauguration

The Hill

Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling

Associated Press

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Overview

A summary of the key points of this story verified across multiple sources.

Janet Yellen announced that the U.S. Treasury will implement extraordinary measures starting January 21, following the inauguration of President Trump, as the nation approaches its debt ceiling. The measures include suspending investments in federal retirement funds to maintain government operations. With the national debt exceeding $36 trillion, Yellen urged Congress to promptly raise the debt ceiling to avoid default. Trump has expressed support for abolishing the debt ceiling altogether, complicating future legislative strategies as Republicans hold control of both the House and Senate.

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