US officially hits debt limit, begins 'extraordinary measures' to pay bills

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The U.S. government hit its borrowing limit, causing the Treasury to activate 'extraordinary measures' to keep paying the government's bills.

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate "extraordinary measures" to keep paying the government's bills., noting that a "debt issuance suspension period" will begin on Thursday, Jan. 19 and last through Monday, June 5.

U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. REUTERS/Jonathan Ernst

 

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Yet! We paying Ukraine for their war!

The last time the U.S. hit the debt ceiling was in 2011, when former President Barack Obama was forced to cut $900 billion in spending for Congress to raise the debt limit.

It’s a sham

Learn to budget...

One thing I didn’t tell you the Republican Party raise the debt limit without anyone knowing

Just stop paying any corporate or millionaires refunds that will fix it

We need to spend less, NOW ! President Biden should engage Congress NOW to come up with a plan to do just that, spend less, NOT spend more !

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