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US hits debt ceiling; Congress debates as Treasury plans to take 'extraordinary measures'

by KRISTINE FRAZAO | The National Desk

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FILE - This May 4, 2021, photo shows the Treasury Building in Washington. It would be the token of all tokens: a $1 trillion coin, minted by the U.S. government, then cashed in to flood the treasury with cash and solve a political impasse over suspending the debt limit. (AP Photo/Patrick Semansky, File)
FILE - This May 4, 2021, photo shows the Treasury Building in Washington. It would be the token of all tokens: a $1 trillion coin, minted by the U.S. government, then cashed in to flood the treasury with cash and solve a political impasse over suspending the debt limit. (AP Photo/Patrick Semansky, File)
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