U.S. Treasury Takes Extraordinary Steps Amidst Debt Ceiling Crisis

The U.S. Treasury Department has taken extraordinary measures to address the looming debt ceiling crisis, as Secretary Janet Yellen urged Congress for immediate action on January 21, 2025. These actions include suspending investments in federal funds to manage critical obligations. The move comes as financial markets show heightened volatility and risk sentiment, particularly within the cryptocurrency realm where Bitcoin (BTC) and Ethereum (ETH) are experiencing fluctuations. Yellen’s announcement highlights a crucial phase where the Treasury must navigate this complex situation while awaiting Congressional action.