Aug. 2 (UPI) -- The Treasury Department under Janet Yellen on Monday started action to avoid topping the federal borrowing limit after the debt ceiling suspension expired at the end of July.
The move will let the Treasury pay bills incurred by the government without creating new debt for up to three months. Traditionally, the limit keeps the Treasury issuing new bonds to fund the government once a certain limit, which was $22 trillion in 2019, is hit.