Tag: Debt Ceiling

CBO Issues New Warning on Debt Ceiling

By on February 1, 2018 in Agency News with 0 Comments
CBO Issues New Warning on Debt Ceiling

The CBO projects in a new report that the government will run out of money sooner than expected. Measures to offset the debt limit can impact federal employees.

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Treasury Suspends Investment Into Federal Employee Retirement Funds to Avoid Hitting Debt Ceiling

By on December 11, 2017 in Retirement with 0 Comments
Treasury Suspends Investment Into Federal Employee Retirement Funds to Avoid Hitting Debt Ceiling

The Treasury Department has announced it will no longer be able to fully invest in two federal employee retirement funds to avoid hitting the debt ceiling.

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CBO: Government Will Run Out of Money Next Spring Without Raising Debt Limit

By on December 1, 2017 in Pay & Benefits with 0 Comments
CBO: Government Will Run Out of Money Next Spring Without Raising Debt Limit

The government is once again about to reach the debt ceiling, and “extraordinary measures” would likely be used with federal employee benefits to offset it.

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Trump Cuts Deal With Dems on Debt Ceiling, Government Funding

on September 6, 2017 in Current Events with 0 Comments
President Trump struck a deal with Nancy Pelosi and Charles E. Schumer at a White House meeting regarding debt ceiling and short-term funding bill for federal government.

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Will I Get Paid in the Event of a Shutdown?

By on August 29, 2017 in Pay & Benefits with 0 Comments
Will I Get Paid in the Event of a Shutdown?

The possibility of a government shutdown has been put on the table. What does this mean for your paycheck?

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Federal Employees, Federal Benefits and Debt

By on August 20, 2017 in Pay & Benefits, Retirement with 0 Comments
Federal Employees, Federal Benefits and Debt

The Treasury Secretary says the government needs authority to borrow more money by September 29th. Could federal pension payments be suspended after this date?

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The G Fund and the Debt Ceiling

By on August 16, 2017 in Pay & Benefits with 0 Comments
The G Fund and the Debt Ceiling

Congress is once again debating whether or not to raise the debt ceiling. Here is what this means for federal employees.

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CBO Says Debt Limit Will Be Reached in October

By on June 29, 2017 in Pay & Benefits with 0 Comments
CBO Says Debt Limit Will Be Reached in October

The CBO says in a new report that the government will run out of money by October if the debt ceiling is not raised. Here is what this means for TSP investors.

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Federal Employee Pension, G Fund Used to Avoid Government Default

By on June 18, 2017 in Pay & Benefits, Retirement with 0 Comments
Federal Employee Pension, G Fund Used to Avoid Government Default

The debt ceiling for the Federal Government has been reached and it is using accounting techniques to keep paying its bills. Federal employees are helping to fund the “extraordinary measures” now in effect.

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Government Begins Borrowing from the G Fund to Offset Debt Ceiling

By on March 21, 2017 in Pay & Benefits with 0 Comments
Government Begins Borrowing from the G Fund to Offset Debt Ceiling

The Treasury Department is having to use “extraordinary measures” to offset hitting the debt ceiling, and that includes using money from the G Fund to help pay for government operations.

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