U.S. Treasury Secretary Janet Yellen sent a letter Tuesday to congressional leaders saying she's suspending the reinvestment of federal bonds in a government workers' savings plan — an additional “extraordinary" measure to buy time for President Joe Biden and Congress to raise the nation's debt limit.
The government bumped up against its legal borrowing capacity last Thursday, prompting Treasury to take accounting steps regarding federal employees' retirement and health care plans that will enable the government to stay open until roughly June.
