Jan 17, 2025 · The extraordinary measures currently being considered are: (1) redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund; (2) suspending reinvestment of the Government Securities
Secretary of the Treasury Janet L. Yellen Sends Letter to …
6 days ago · An official website of the United States government. ... pursuant to 5 U.S.C. § 8348(l)(2), of the extraordinary measures that Treasury will begin using on January 21. First, I have determined that, by reason of the statutory debt limit, I will be unable to fully invest the portion of the Civil Service Retirement and Disability Fund (CSRDF ...
U.S. Treasury to Take ‘Extraordinary Measures’ Again to Avoid a …
2 days ago · In her letter, Yellen advised that the Treasury’s extraordinary measures would begin by redeeming a portion of, and suspending full investments in, the Civil Service Retirement and Disability Fund. Treasury will also suspend additional investments of amounts credited to the Postal Service Retiree Health Benefits Fund.
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
6 days ago · WASHINGTON (AP) — In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter sent to congressional leaders Friday afternoon. She sent a letter in late December to lawmakers stating that Treasury expected to ...
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan.
Jan 17, 2025 · Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using “extraordinary measures” to prevent the United States from ...
May 2, 2023 · Extraordinary measures represent a series of actions used to extend the date by which debt limit legislation must be enacted. The authority for using extraordinary measures rests with the Treasury Secretary (codified at 5 U.S.C. §8348 and 5 U.S.C. §8909).
On January 19, 2023, Treasury Secretary Janet Yellen invoked authorities to employ extraordinary measures that allow using resources of certain intragovernmental accounts to meet federal obligations to avoid exceeding the statutory limit on federal debt. That Monthly Statement is, therefore, the last issue before the use of extraordinary measures.
US Treasury Adds Measure to Avert a Debt-Ceiling Breach
19 hours ago · The Treasury advised in a statement last week that the G-fund might be tapped as one of the extraordinary measures to keep from a debt-ceiling breach. Officials have taken such steps many times ...
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
6 days ago · In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from ...
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Jan 18, 2023 · When the country comes close to — or hits — the statutory debt limit, the Treasury secretary can find ways to shift money around government accounts to remain under the borrowing cap, essentially...