U.S. hits debt ceiling, Treasury Department takes "extraordinary measures"

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U.S. hits debt ceiling, Treasury Department takes "extraordinary measures"

STORY: U.S. hits debt ceiling, Treasury Department takes "extraordinary measures" DATELINE: Jan. 20, 2023 LENGTH: 00:00:45 LOCATION: Washington D.C. CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of exterior of U.S. Treasury Department 2. various of exterior of Capitol Hill STORYLINE: The United States hit its debt limit on Thursday, prompting the Treasury Department to take "extraordinary measures" to continue financing the federal government. Treasury Secretary Janet Yellen announced in a letter to House Speaker Kevin McCarthy that her department would put the temporary brakes on new investments in a few government retirement funds, from Thursday until June 5. Those include the Postal Service Retiree Health Benefits Fund and a couple of others. Yellen said such moves could allow the federal government to pay its bills until June. At the same time, Yellen said there would be "considerable uncertainty" around those actions, should Congress fail to pass legislation to increase the 31.4 trillion U.S. do

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