WASHINGTON (AP) — Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government's borrowing limit in October. In a letter to congressional leaders Wednesday, Yellen said that she still could not provide a specific date for when she will be unable to keep the government funded, absent action by Congress to raise the debt limit.
This happens pretty regularly
Realistically the fed is just going to print more money, but long term effect is going to be inflation.