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 stating that Treasury expected to hit the statutory debt ceiling between January 14 and January 23. And now, the agency will stop paying into certain accounts, including the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund, to make up for the shortfall in money beginning Tuesday.
The move comes during the switchover of administrations, where President-elect Donald Trump takes over control of the White House and federal agencies from President Joe Biden on Monday. Yellen will be out of office when the extraordinary measures take effect. . . .
Whadday mean they didn’t see it coming?
Don’t these people read ANYTHING I write?
(wink)
Amazing, we just happen to hit the debt limit with the incoming administration.
And nobody knew nothing unitl Friday after the new cycle.
Didn’t Biden announce all sorts of new last minute spending over the last couple of weeks? Almost like maybe there was a target number to expend the remaining debt limit available by a specific day?
I believe there is an entire thread about all the last minute infrastrucutre projects that are suddenly being funded.
Darn that Trump. Biden left us in a good financial shape. He never hit the debt limit.
Good stuff. Love it for y’all.
The House should have been on that instead the trans stuff, or buying Greenland, or whatever.
Obama started during a financial crisis, and Biden’s pandemic election couldn’t even be certified without a civil crisis.
Trump won’t die from a little bit of January work. It will okay if he works with congress instead of flapping his gums about crowd sizes.
Amazing.
“Never let a crisis go to waste.”
Hopefuly President Trump willuse this opportunity topushthorugh sometough spending cutsthat otherwise wold not get pushed through.
Start by rescinding unspend money from the IRA and firing all gov’t employees who don’t return to office.
Tough spending cuts fast is not even wishful thinking. There’s not enough hope in the world to believe in that.
You guys are going to mess around and default on the debt with a unified government. Hilarious.
Who’s doing the messing around?
Yellen proviked a criss by deliberatley taking a crap on Friday night of her final weekend.
Trump has to clean it up.
You can at least have the basic integrity to admit that is what’s going on.
I mean that on 100% sincerity.
Still, “never let a good crisis go to waste” means The Donald gets to use this to force through things that normally would be debated for m nths on end.
It’s not a crisis. Republicans just have to work.
He better be perfectly aligned with 273 other Republicans thinking the same thing.
German?
It begins. 
Don’t worry about it. You’re out of alignment.
You know your congressman best. Maybe he’s willing to sign whatever without any input.
Need 265 more.
Another perfect end to the Biden admin. War, poverty, cities burning and massive debt. Gee thanks dems. But the illegals loved it…
