The Treasury Department has been using accounting maneuvers, known as extraordinary measures, since Jan. 21 in an effort to avoid breaching the $36.1 trillion limit. The US Treasury has $163 ...

Scott Bessent, United States Secretary of the Treasury ... no longer have enough of a financial cushion to pay all its bills after exhausting its “extraordinary measures” the accounting maneuvers used ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to raise the nation's debt ceiling, the ...

The treasury is already using “extraordinary measures”, with limits on this set to be exceeded within months. The CBO said it was feasible that the US treasury could hit a wall as early as May ...

“If the debt limit remains unchanged, the government’s ability to borrow using extraordinary measures ... Treasury’s helm in January, told lawmakers in his confirmation hearing the US ...

The US Treasury Department ... still available in the Treasury's account. Additionally, since January 2, the Treasury has been using temporary accounting tricks dubbed 'extraordinary measures ...

"Conversely, if borrowing needs fall short of the amounts in CBO's projections, the extraordinary measures will permit the Treasury to continue financing government activities longer than expected ...

"The government's ability to borrow using extraordinary ... United States," Bessent wrote in a March 14 letter to Congress. The issue has been on Congress' to-do list since last winter, when then ...

"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States." Between the lines: The Treasury deploying a toolkit of extraordinary measures to avoid the ...

In January, the United States exceeded a roughly $36 trillion congressionally approved cap on the amount of money it can borrow, forcing the Treasury Department to take “extraordinary measures ...