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Raising the Debt Ceiling

The U.S. hit its debt ceiling. Now it's time for “extraordinary measures.”

by Samantha Fields

Jan 19, 2023

Basically, Treasury will have to move money around so it can keep paying the country’s most important bills. At least for a little while longer.

Treasury Secretary Janet Yellen warned that her department would have to take "extraordinary measures" to keep the U.S. government from defaulting on its debt.

Alex Wong/Getty Images

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