u.s. debt limit

US Treasury buys time for Biden and GOP on debt limit deal

The Associated Press WASHINGTON (AP) - The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion. Treasury Secretary Janet Yellen sent a letter to congressional leaders…

Yellen tells Congress US expected to hit debt limit Thursday

The Associated Press WASHINGTON (AP) - Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. Those measures include delaying some…