(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leaders Thursday notifying them that the agency has begun taking “extraordinary measures” as the federal government bumps up against its debt limit of just over $31 trillion.

That means Congress has until about June to raise the debt ceiling or potentially default on the U.S. debt obligations for the first time ever.

“First, I have determined that, by reason of the statutory debt limit, I will be unable to fully invest the portion of the Civil Service Retirement and Disability Fund (CSRDF) not immediately required to pay beneficiaries, and that a ‘debt issuance suspension period’ will begin on Thursday, January 19, 2023, and last through Monday, June 5, 2023,” the letter said.

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