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Debt limit brink: extraordinary measures avert default soon
Treasury moves to delay default using extraordinary measures like suspending retirement fund payments and reinvestments. Yellen says these steps could buy months, but a deal remains vital to avoid a global financial crisis. Political standoff between Biden and McCarthy heightens risk.
MENTIONED IN THIS ARTICLE
Washington
U.S
Treasury
Janet Yellen
Joe Biden
Congress
Kevin McCarthy
Biden
Yellen
Treasury Department
Committee For
McCarthy
Democratic Senate
Herndon