Yellen Activates Another 'Extraordinary' Measure To Avert Breaching Debt Limit: 'I Will Be Unable To Invest Fully...'

Treasury Secretary Janet Yellen activated another extraordinary cash management measure on Tuesday to avert breaching the federal debt limit by suspending daily reinvestments in a large government retirement fund that holds Treasury debt, the department said.
In a letter to House Speaker Kevin McCarthy, Yellen pointed out that she has determined "by reason of the statutory…

This story appeared on, 2023-01-25.
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