Treasury Secretary Janet Yellen told Friday that the nation would reach the statutory debt limit in January 19th – requiring 'extraordinary measures' that can only last for a finite period with a political clash looming this summer.'Once the limit is reached, Treasury will need to start taking certain extraordinary measures to prevent the United States from defaulting on its obligations,' Yellen said in a .'While Treasury is not currently able to provide an estimate of how long extraordinary measures will enable us to continue to pay the government's obligations, it is unlikely that cash and extraordinary measures will be exhausted before early June,' she wrote.
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