Jan 17, 2025 · Treasury will be unable to fully invest the CSRDF and the PSRHBF and that a “debt issuance suspension period” exists. Once the Secretary has done so, Treasury can (1) suspend new ... extraordinary measures have been exhausted, however, the U.S. Government will be limited in its ability to make payments across the government. After the debt ...
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
Jan 17, 2025 · WASHINGTON (AP) — In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter sent to congressional leaders Friday afternoon. She sent a letter in late December to lawmakers …
U.S. Treasury to Take ‘Extraordinary Measures’ Again to Avoid a …
4 days ago · In her letter, Yellen advised that the Treasury’s extraordinary measures would begin by redeeming a portion of, and suspending full investments in, the Civil Service Retirement and Disability Fund. Treasury will also suspend additional investments of amounts credited to the Postal Service Retiree Health Benefits Fund. She also said that those ...
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Jan 17, 2025 · Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using “extraordinary measures” to prevent the United States from ...
Secretary of the Treasury Janet L. Yellen Sends Letter to …
Dec 27, 2024 · Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures. I respectfully urge Congress to act to protect the full faith and credit of the United States.
May 2, 2023 · Extraordinary measures represent a series of actions used to extend the date by which debt limit legislation must be enacted. The authority for using extraordinary measures rests with the Treasury Secretary (codified at 5 U.S.C. §8348 and 5 U.S.C. §8909).
Jan 25, 2024 · Treasury ceased implementation of extraordinary measures on June 5, 2023, following enactment of an increase in the debt limit through the Fiscal Responsibility Act (P.L. 118-5), and affected government accounts were restored to normal operations.
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Jan 18, 2023 · When the country comes close to — or hits — the statutory debt limit, the Treasury secretary can find ways to shift money around government accounts to remain under the borrowing cap, essentially...
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
Jan 18, 2025 · In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from ...
The extraordinary measures currently being considered are: (1) redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund; (2) suspending reinvestment of the Government Securities