Federal debt limit was reached on Thursday as the treasury faces running out of cash later this year
The US treasury department is beginning the use of special measures to avoid a US payments default, after the federal debt limit was reached on Thursday.
The department is tapping the financial resources of two government-run funds for retirees, in a move that will give the treasury scope to keep making federal payments while it’s unable to boost the overall level of debt...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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