Satisfying America’s Creditors: Issuing More TIPS to Soothe China’s Concerns

The federal debt is increasing rapidly. America’s creditors are nervous about getting their money back and the potential impact of inflation. The Treasury Department is trying to reassure investors as the government prepares to borrow another $406 billion in the next quarter. Federal employees have an investment alternative not available to the general public.

False Police Report Leads to Removal of Homeland Security Officer

A Customs and Border Protection Officer reported his car had been stolen. When police recovered the car and made an arrest, he tried to have the charges dropped. After admitting that the woman he initially claimed he did not know had been his mistress for some time, his future career as a federal employee was thrown into doubt. A federal court reviewed his removal appeal.

TSP Funds Up Five Months in a Row

The index that is used as the basis for the Thrift Savings Plan’s C fund has had its best five-month run since 1938. TSP funds are up for the month and also up substantially for the year as well. That is good news but also consider the performance of your funds over the past twelve months as well.