U.S. Hits Debt Ceiling as Treasury Tweaks Policies to Buy Time

Partisan brinkmanship looms over 2023.

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Washington D.C.𑁋On Thursday, the U.S. hit the debt ceiling, forcing the Treasury Department to rework how the nation pays its bills. Today, U.S. Secretary of the Treasury Janet Yellen sent a letter to members of Congressional leadership urging them to “act promptly” to resolve the debt limit.

In December, President Joe Biden sig…