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Yellen tells Congress US expected to hit debt limit Thursday

The letter from Treasury Secretary Janet Yellen to House Speaker Kevin McCarthy of Calif., photographed Friday, Jan. 13, 2023, notifying Congress that the U.S. is projected to reach its debt limit on Jan. 19, and will then resort to "extraordinary measures" to avoid default. (AP Photo/Jon Elswick) The letter from Treasury Secretary Janet Yellen to House Speaker Kevin McCarthy of Calif., photographed Friday, Jan. 13, 2023, notifying Congress that the U.S. is projected to reach its debt limit on Jan. 19, and will then resort to "extraordinary measures" to avoid default. (AP Photo/Jon Elswick) FILE - Treasury Secretary Janet Yellen speaks with reporters during a visit to the Virginia Innovation Partnership Corporation incubator at the Center for Innovative Technology campus in Herndon, Va., Oct. 21, 2022.  Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. (AP Photo/Cliff Owen, File)