The United States has limits on how much the government can borrow.

On the 19th, the U.S. Treasury Department announced that it had reached its maximum borrowing limit and began special measures to temporarily secure funds.

In the United States, Congress sets limits on how much the government can borrow by issuing bonds.

Treasury Secretary Yellen announced on Monday that he had initiated a special arrangement to temporarily secure funds as the government's debt piled up and hit the ceiling.

Funds that are not immediately needed in pension funds for civil servants and persons with disabilities will be used to meet these needs.

The measure, which expires on June 5, will prevent a default on U.S. Treasuries for the foreseeable future.

However, if Congress does not respond to raising the ceiling, there is a risk that it will lead to the default of the national debt and the closure of government agencies.

To this end, Secretary Yellen has sent a letter to all members of the congressional leadership urging them to act quickly.

In the U.S. House of Representatives, the opposition Republican Party, which emphasizes fiscal discipline, won a majority in the midterm elections last November, and the Biden administration is calling for spending cuts, etc. as it continues to make large-scale fiscal spending.

In the US Congress, the government and the ruling and opposition parties have often been unable to come to terms with each other over the issue of the debt limit, causing confusion in the financial market, and the future response of the Congress will be the focus.