US hits $31.4 trillion debt ceiling as Treasury announces ‘extraordinary measures’ to avoid default
(Worthy News) – The United States reached its debt ceiling of $31.38 trillion on Thursday, forcing the Treasury Department to implement “extraordinary measures” to avoid defaulting on bonds.
Treasury Secretary Janet Yellen wrote how the U.S. had reached the debt limit in a letter Thursday to members of Congressional leadership.
The Treasury Department will be unable to fulfill some investments such as the Civil Service Retirement and Disability Fund, Yellen said. She instituted a “debt issuance suspension period” from Thursday through June 5. [ Source: Just the News (Read More…) ]
Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.
đĄ Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
đ˘ Social media algorithms push content further when thereâs more engagement â so every đ like, đŹ comment, and đ share helps more people discover the truth. đ
Latest Worthy News
Books by George Whitten
Identity in Messiah Revealed https://identityinmessiah.com
A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.
The Eternal Kingdom Revealed https://eternalkingdomrevealed.com
The Eternal Kingdom Revealed traces the Kingdom of God as the central story of Scripture, from before creation to the restoration of all things.
As an Amazon Associate I earn from qualifying purchases.
