Extraordinary measures become standard as US hits debt limit again

Extraordinary measures become standard as US hits debt limit again | TheHill


Congress agreed to suspend the nation’s $16.4 trillion borrowing limit the last time they approached it, at the beginning of the year. But that suspension expired May 19.
The latest numbers from the Treasury Department indicate that the overall debt of the United States swelled by about $300 billion during the period of the suspension, and now totals roughly $16.7 trillion.

With the government once again operating under a borrowing cap, the Treasury is back to employing special measures to free up space under the limit.