Yellen Details ‘Extraordinary Measures’ to Raise Cash as Debt Ceiling Hits

Yellen Details ‘Extraordinary Measures’ to Raise Cash as Debt Ceiling Hits
Treasury Secretary Janet Yellen speaks during a virtual roundtable in Washington on Feb. 5, 2021. Drew Angerer/Getty Images
Tom Ozimek
Updated:

Treasury Secretary Janet Yellen on Monday announced a series of so-called “extraordinary measures” the department is taking to give the federal government more room to spend under a reimposed debt cap.

Yellen detailed the emergency maneuvers—chiefly pausing investments in certain government employee pension funds—in an Aug. 2 letter to congressional leaders that came as a two-year suspension of the federal debt ceiling expired.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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