Published on 18 Jan 2025 on Benzinga
...Employee Benefit Funds: 'Extraordinary Measures' - iShares 20+ Year Treasury...
Janet Yellen, the U.S. Treasury Secretary, on Friday cautioned that the government will reach its borrowing limit on Tuesday, necessitating the use of “extraordinary measures” to prevent a potential default.
What Happened: Yellen revealed that the Treasury will commence the use of extraordinary measures starting January 21. The duration of these measures is uncertain, and Yellen has urged Congress to raise or suspend the debt limit to safeguard the nation’s credit, Reuters reported.