US Treasury Secretary Janet Yellen, who will resign next week, said that from January 21 her department will begin to implement “extraordinary measures” to prevent the US debt limit from being exceeded. Bloomberg reports this.

In her letter to Congress, she wrote that she would announce the measures that the Treasury will begin using on January 21, one day after the end of the Biden administration..

Ellen said emergency Treasury action would begin to buy back part of and suspend the full investment of the Government Employees' Retirement and Disability Fund.. The funds will be returned later, after Congress decides on the debt ceiling..

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Recall that Congress suspended the debt limit in 2023 after a bitter fight by lawmakers to prevent a default on federal obligations.. The limit is currently set at about $36 trillion.

Trump's nominee to head the Treasury, Scott Bessent, promised at a Senate hearing on Thursday that there would be no default under his leadership..