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Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling Woes
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The Treasury Department will stop fully investing in a government investment vehicle for federal employees as the U.S. bumps up against its debt ceiling, Secretary Janet Yellen said Tuesday in a letter to congressional leaders.
The department will hold back money from the Government Securities Investment Fund of the Thrift Savings Fund, known as the “G Fund,” Ms. Yellen said. The G Fund allows government employees to save in interest-bearing U.S. securities as part of their retirement savings.
Read more on wsj.comAbout this in other media
Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default wsj.com /1 year ago
Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default wsj.com /1 year ago
Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling Woes wsj.com /1 year ago
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