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International Business Times
International Business Times
Business

HISTORICAL FACTS: Us treasury to take extraordinary measures to avoid debt default - Caught on Camera

US Treasury Donald Trump Janet Yellen United States The US Treasury Department
US Treasury Secretary Janet Yellen urged Congress to act quickly 'to protect the full faith and credit of the United States' (Credit: AFP)

The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Trump takes office.

With the government reaching its borrowing limit, the department would start making the moves on Tuesday, Yellen said in a letter to congressional leaders.

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