The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate “extraordinary measures” to keep paying the government’s bills.
Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a “debt issuance suspension period” will begin on Thursday, Jan. 19 and last through Monday, June 5.
As part of that, the government will not funnel new investments into the Civil Service Retirement and Disability Fund, as well as suspend…
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