On May 18, the day after the debt began its long stay at $16,699,396,000,000.00, Treasury Secretary Lew sent a letter to House Speaker John Boehner. In the letter, Lew said the Treasury would begin implementing what he called “the standard set of extraordinary measures” that allows the Treasury to continue to borrow and spend money even after it has hit the legal debt limit.
Wanted this here to validate and clarify for future personal reference. Get tired of articles vanishing, or forgetting them. This is one those we Americans ought to recall.