U.S. Treasury Secretary Janet Yellen said in a letter she has taken an additional “extraordinary” step to buy time for President Joe Biden and Congress to raise the nation’s debt limit.
, prompting Treasury to take accounting steps regarding federal employees’ retirement and health care plans that will enable the government to stay open until roughly June.
The U.S. debt ceiling deadline kicks off a major political debate - with real economic consequences. White House press secretary Karine Jean-Pierre said at Monday’s news briefing that Biden is “happy to talk to anyone who wants to deal” with deficit reduction in a “responsible way.”
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