US Treasury buys time for Biden and GOP on debt limit deal
The Treasury Department is seen near sunset in Washington, Wednesday, Jan. 18, 2023. The Treasury Department projects that the federal government on Thursday will reach its legal borrowing capacity, an artificially imposed cap that lawmakers have increased roughly 80 times since the 1960s. Markets so far remain calm, as the government can temporarily rely on accounting tweaks to stay open. (AP Photo/Jon Elswick)
WASHINGTON (AP) — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take "extraordinary" accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U...
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