Treasury Taps Federal Pensions as Uncle Sam Hits Debt Ceiling from govexec.com

March 16, 2015  |   Blog   |     |   Comments Off on Treasury Taps Federal Pensions as Uncle Sam Hits Debt Ceiling from govexec.com

The Treasury Department has suspended investments into federal employees’ pensions, as the government officially hit its debt ceiling of about $18.1 trillion on Monday.

The law allows the government to take “extraordinary measures” to avoid a default, including tapping into and suspending investments into the Civil Service Retirement and Disability Fund and halting the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan’s portfolio.

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