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

benzinga.com/government/23/01/30561068/yellen-activates-another-extraordinary-measure-to-avert-breaching-debt-limit-i-will-be-unable-to-inv

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 benzinga.com, 2023-01-25.
The Web's Most Comprehensive Business News Site. Free to Use →