Treasury takes more extraordinary measures to avoid debt default

Treasury Secretary Janet Yellen is taking another step to temporarily delay the US defaulting on its debt.

Less than a week after announcing that the nation hit its $31.4 trillion debt ceiling set by Congress, Yellen wrote to House Speaker Kevin McCarthy on Tuesday to say that she is adding to the extraordinary measures that will allow the government to keep paying its bills on time and stall the catastrophic economic and fiscal consequences of a default.