Business > Top Business
Washington seeks to avoid debt default

WASHINGTON, D.C. — The US Treasury Department will start taking 'extraordinary measures' next week to avoid risking a default on government debt, Secretary Janet Yellen said on Friday, days before President-elect Donald Trump takes office.

With the government reaching its borrowing limit, the department would start making the moves on Tuesday, the day after the inauguration, Yellen said in a letter to congressional leaders.

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