Reported about 13 hours ago
Outgoing Treasury Secretary Janet Yellen announced that the Treasury will implement special accounting strategies starting January 21 to avoid exceeding the US debt limit, urging Congress to act quickly to increase or suspend the ceiling. As the debt limit returns after a temporary suspension, the extraordinary measures include redeeming part of the Civil Service Retirement Fund and suspending investments in the Postal Service Retiree Health Benefits Fund. The next steps depend on congressional action, as predictions indicate a potential default risk by summer.
Source: YAHOO