That's conducted legitimate investigations of things like Donald Trump's role in January 6th

and the role of many others. It doesn't justify somehow Republicans engaging in just

vexatious litigation or oversight meant to harass the Biden administration. You know, endless hearings about Hunter Biden's laptop, for example.

There is no equivalence.

We were attacked on January 6th.

There were multiple lines of effort to overturn the election.

It is not the same thing as what Republicans are about to do.

California Democratic Congressman Adam Schiff calls out Republicans for a false equivalency in

House oversight investigations. It comes as the Biden team is optimistic about the incendiary

conservatives who are now serving on that committee. Plus, as expected, the United States government

hit its debt limit after Congress fails to act.

We'll go through the Treasury Department's extraordinary measures to make sure the country can pay its bills.

And also ahead, Ukraine's allies meet to map out what's next in military aid for the war-torn country.

Good morning and welcome to way too early on this Friday, January 20th.

I'm Jonathan Lemire.

Thanks for starting your day with us.

The United States officially hit its borrowing limit yesterday morning,

which means that Treasury Department now is forced to take extraordinary measures so the government can continue paying its bills. In a letter to congressional leadership yesterday, Treasury Secretary

Janet Yellen confirmed the country will be able to meet its obligations until at least June 5th.

Until then, she says Treasury will sell investments to raise cash and not reinvest in some retirement funds to save money and therefore not create new debt.

This gives Congress a deadline of just 136 days to craft legislation to raise the country's debt ceiling

before the United States officially defaults. Senate Minority Leader Mitch McConnell noted

...