TITLE

Treasury Stops Making Pension Fund Payments to Stay Below Debt Ceiling

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/17/2006, Vol. 355 Issue 32322, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Department of the Treasury has ceased the making of payments to a large federal employee pension system. It is intended to prevent hitting the 8.18 trillion dollar federal debt limit. The agency is stopping its investment in the Government Securities Investment Fund.
ACCESSION #
19837073

 

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