Treasury calls on Congress to raise debt limit, begins steps to delay default

Treasury Secretary Steven Mnuchin on Thursday began taking “extraordinary measures” to delay the U.S. government from defaulting on its obligations, as he called on House Speaker Paul Ryan to lift the debt ceiling “at its first opportunity.” Mnuchin, in a letter to Ryan , said Treasury was now suspending the sale of certain state and local securities, a practice the federal government normally performs to assist with tax policies.