U.S. hits debt limit and Treasury Department begins ‘extraordinary measures’

Often-used practice intended to give Republican House, Democratic Senate and Biden administration time to negotiate bipartisan agreement to raise debt ceiling

By: - January 19, 2023 9:54 am
Treasury Secretary Janet Yellen Gives Economic Address At Ford's Rouge Electric Vehicle Center

In this file photo, Treasury Secretary Janet Yellen gives a speech on the economy at Ford’s Rouge Electric Vehicle Center on Sept. 8, 2022, in Dearborn, Michigan. Yellen toured the factory, which produces the Ford F-150 Lightning, before her remarks. (Sarah Rice/Getty Images)

Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. We ask that you edit only for style or to shorten, provide proper attribution and link to our web site. Please see our republishing guidelines for use of photos and graphics.

Jennifer Shutt
Jennifer Shutt

Jennifer covers the nation’s capital as a senior reporter for States Newsroom. Her coverage areas include congressional policy, politics and legal challenges with a focus on health care, unemployment, housing and aid to families.

MORE FROM AUTHOR