The federal government reached its $31.4 trillion borrowing cap on Thursday, Treasury Secretary Janet Yellen said as she begins “extraordinary measures” to stave off a default, while Republicans and the White House remain at an impasse regarding a deal on raising the debt limit. READ MORE: https://www.forbes.com/sites/saradorn/2023/01/19/federal-government-officially-reaches-debt-limit-triggering-extraordinary-measures-to-prevent-a-default-heres-what-that-means/?sh=40134fa7ac18 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com