U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21

Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using so-called “extraordinary measures” to prevent the United States from defaulting on its debt.

The warning was likely one of Ms. Yellen’s final acts as Treasury secretary before the Trump administration assumes power at noon on Monday.

The debt limit — which caps the…

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