Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.

Treasury secretary Janet Yellen, in one of her final major acts in office, warned Congress late Friday that the Treasury will need to begin "extraordinary measures" on Tuesday to avoid hitting the debt limit.

U.S. Treasury Secretary Janet Yellen said that the government will reach its statutory borrowing limit on Tuesday and begin employing "extraordinary measures" to keep from breaching the cap and risking a potential catastrophic default.

The breach of the debt ceiling officially starts the clock on how long Trump and Congress will have to act to avoid a financially catastrophic default.

The day after President Donald Trump takes office, the U.S. Treasury said it will employ "extraordinary measures" to avoid hitting the debt limit. In a letter, outgoing Treasury Secretary Janet Yellen said extraordinary measures would begin Jan.

WASHINGTON—The U.S. government is now constrained by its statutory debt limit, the Treasury Department said, prompting the start of “extraordinary measures” this Tuesday to keep America’s bills paid and putting pressure on Congress to lift the borrowing cap.

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 Tr