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Yellen: Tsy Began Using Extraordinary Debt Limit Measures On Thursday
US Tsy Sec. Yellen: Tsy Began Using Extraordinary Debt Limit Measures On Thursday
— LiveSquawk (@LiveSquawk) January 19, 2023
- ‘Debt Issuance Suspension Period’ Will Begin On 19th Jan And Last Through 5th Junehttps://t.co/zCxQGVLUgg pic.twitter.com/g2MVeJiiLp
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Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit
I write to keep you apprised of actions the Treasury Department is taking in regard to the debt limit. In my letter of January 13, 2023, I noted that Public Law 117-73 increased the statutory debt limit to a level of $31.381 trillion, and informed you that beginning on January 19, the outstanding debt of the United States was projected to reach the statutory limit. This letter serves to notify you, pursuant to 5 U.S.C. § 8348(1)(2), of the extraordinary measures Treasury began using today. First, I have determined that, by reason of the statutory debt limit, I will be unable to fully invest the portion of the Civil ... (full story)