MACRO
Yellen Reports New Debt-Limit Accounting Maneuver to Congress
Yellen said in a letter to bipartisan congressional leaders that the Treasury will be altering the investments in a third government-run fund for retirees, after last week advising them of similar action for two others. Yellen didn’t offer any update on how long the extraordinary measures can be used to avoid the Treasury running out of cash. Earlie...