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The US Treasury is now paying off the government’s bills because Congress missed an important deadline

Mitch McConnell Janet Yellen Congress Treasury

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The Treasury Department took initial steps to start paying off the federal government’s bills on Monday because Congress missed a July 30 deadline to either raise or suspend the debt ceiling.

In a letter to Congressional leaders, Treasury Secretary Janet Yellen said she’s starting what are known as “extraordinary measures” to keep the federal government afloat. She urged lawmakers to take swift action to either raise or suspend the debt ceiling, which hit its statutory limit on August 1.

“I respectfully urge Congress to protect the full faith and credit of the United States by acting as details ⇒

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