The Daily Caller

The Daily Caller
Treasury Secretary Jack Lew testifies on Capitol Hill in Washington, Thursday, April 11, 2013, before the House Ways and Means Committee to defend President Barack Obama

US hits debt limit – again

WASHINGTON – The United States bumped up against its borrowing limit Sunday, forcing the Treasury Department to employ “extraordinary measures” to make sure the government keeps paying its bills.

After a brief hiatus, the nation’s debt limit has returned as a major hurdle for Washington to overcome, and one that will play a central role in fiscal fights heading into the fall.

Extraordinary measures become standard as US hits debt limit again – The Hill