This particular moment seems more fraught than past brushes with the debt limit because of the broad differences between U.S. President Joe Biden and new House Speaker Kevin McCarthy, who presides over a restive Republican caucus.
Washington puts hold on contributions and investment redemptions for government worker benefitsJanet Yellen, U.S. Treasury secretary, says the U.S. government has started taking 'extraordinary measures' against default, now that the country has official hit its debt ceiling limit.
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