The U.S. Government is expected to make a decision soon on its debt ceiling, or maximum amount the government can borrow. According to Forbes.com, the federal government hit the debt limit today, unless elected officials extend the debt ceiling. The U.S. debt ceiling is at $31.3 trillion. U.S. Treasury Secretary Janet Yellen said in a January 13 letter to Congress “extraordinary measures” will have to be taken to prevent the U.S. from defaulting on its obligations.

Source: Forbes January 19, 2023 18:38 UTC