Finance

Debt ceiling sets up major battle in Congress

By Washington Examiner
Published January 20, 2023 1:16pm ET
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Debt ceiling sets up major battle in Congress
FILE - In this Dec. 31, 2013, file photo, a woman looks at the U.S. Capitol in Washington. After last fall's tumultuous, bitterly partisan debt ceiling and government shutdown battles, a sense of fiscal fatigue seems to be setting in among many Washington policymakers as President Barack Obama prepares for his fifth State of the Union address later this month. (AP Photo/Jacquelyn Martin, File) | Jacquelyn Martin

(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leaders Thursday notifying them that the agency has begun taking “extraordinary measures” as the federal government bumps up against its debt limit of just over $31 trillion.

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Congress Debt Debt Ceiling Economics