News U.S. hits credit limit. Amid fears of debt default, Treasury begins ‘extraordinary’ measures January 19, 2023January 19, 2023Maureen Groppe and Michael Collins, USA TODAYComments Off on U.S. hits credit limit. Amid fears of debt default, Treasury begins ‘extraordinary’ measures The Treasury Department is using "extraordinary measures" to avoid defaulting on the nation's debt as the U.S. reaches its credit limit, Yellen said.