The US Treasury Department has launched “emergency measures” to reach the public debt ceiling


US Treasury Secretary Janet Yellen briefed Democratic and Republican parties in Congress that on August 2, the ministry began using “additional emergency measures” to conduct financial transactions to reach the country's public debt ceiling.

“The period of time during which emergency measures may apply last year is uncertain due to the economic impact of the pandemic. For this reason, I urge Congress to take action as soon as possible, “the document said.

Bloomberg previously indicated that in the event of inaction in the US sovereign debt situation, it may be “on the verge of failure” by October.


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