Treasury warns of need to deal with national debt limit

Treasury officials on Wednesday urged Congress to pass either a new borrowing limit or another suspension of the debt before a July 31 deadline. The Treasury will continue to initiate the types of bookkeeping maneuvers it has used in the past to keep the government from breaching a level that would trigger a default on the massive national debt.

AP

https://apnews.com/article/financial-markets-national-debt-health-coronavirus-pandemic-government-and-politics-a95665cfc7fbd8504fc91fdb2a6eb861