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US will hit debt limit on Tuesday, Yellen says in letter

image sourced from original article at https://www.jpost.com/breaking-news/article-838047

US Treasury Secretary Janet Yellen has warned that the government will reach its borrowing limit on Tuesday and will use 'extraordinary measures' to avoid default. Yellen stated that the Treasury will begin employing these measures on January 21st, but the duration of these measures is uncertain. The government's ability to forecast future payments and receipts is a challenge.

Original article source: https://www.jpost.com/breaking-news/article-838047
Source Id: 8505553973

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