What happens now the US has hit the debt ceiling?
The government is not allowed to borrow any more money - unless Congress agrees to suspend or change the cap.
news.yahoo.com
In a 19 January letter, Treasury Secretary Janet Yelen announced a similar "debt issuance suspension period" for the Civil Service Retirement and Disability Fund (CSRDF) through 5 June, as well as the suspension of payments to the Postal Service Retiree Health Benefits Fund (PSRHBF).
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