Tag: extraordinary measures

4 Ways US Treasury Can Pay Bills Without Borrowing

February 17, 2023
extraordinary measuresPolicies & ImpactsUSUS debt ceilingus treasury
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The United States has nearly reached its $31.4 trillion debt ceiling, so the Treasury must now manage the nation’s bills without resorting to borrowing. That’s a challenge because the government operates on a deficit budget, spending more money than it takes in. Normally the Treasury borrows to cover the shortfall. But Congress places a limit…

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Yellen Details ‘Extraordinary Measures’ to Raise Cash as Debt Ceiling Hits

August 3, 2021
Businessdebt ceilingEconomieseconomyExecutive Branchextraordinary measuresPoliticspublic debtUSUS News
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Treasury Secretary Janet Yellen on Monday announced a series of so-called “extraordinary measures” the department is taking to give the federal government more room to spend under a reimposed debt cap. Yellen detailed the emergency maneuvers—chiefly pausing investments in certain government employee pension funds—in an Aug. 2 letter to congressional leaders that came as a two-year suspension…

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