US officially hits debt limit, begins 'extraordinary measures' to pay bills

The U.S. government hit its borrowing limit, causing the Treasury to activate 'extraordinary measures' to keep paying the government's bills.

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate "extraordinary measures" to keep paying the government's bills., noting that a "debt issuance suspension period" will begin on Thursday, Jan. 19 and last through Monday, June 5.

U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. REUTERS/Jonathan Ernst

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