US hits debt limit, taking 'extraordinary measures' to avoid default

NEW YORK, UNITED STATES - JANUARY 19: A citizen shows his mobile phone displaying a screen of National Debt Clock application after the US hit its debt limit and the Treasury started using âextraordinary measures❠to avoid default on January 19, 2023, in New York, United States. US Treasury Secretary Janet Yellen urged Congress to suspend or raise the debt limit to avoid default on any obligation of the government, and said the countryâs outstanding debt is projected to reach the statutory limit beginning Thursday, which was raised to almost $31.4 trillion on Dec. 16, 2021. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)