What Does It Mean That The Government Has "Hit The Debt Ceiling?"

What Does It Mean That The Government Has "Hit The Debt Ceiling?"

Treasury Secretary Janet Yellen told congressional leaders that the U.S. has hit the limit on the amount of debt it can issue to fulfill its obligations, initiating "extraordinary measures" that will allow the country to avoid a catastrophic default for at least the next few months. More: https://www.cbsnews.com/miami/news/de... #cbsnewsmiami #news #politics #government #congress #senate #houseofrepresentatives #treasury #biden #joebiden #debtceiling