Tag: G Fund
Borrowing from the G Fund (Again) to Offset the Debt Ceiling
The debt ceiling limit will again be reached on February 7th so the government will take “extraordinary measures” to fund the government. This means that retirement assets of federal employees, including the TSP G fund, will again be used to help fund government expenses.
TSP Director Confirms Potential Deferral of G Fund Payments
TSP Executive Director Greg Long said in a recent letter to TSP participants that in the event of hitting the debt ceiling, it is possible that the government can use money from the G fund to help pay the federal debt.
Withholding G Fund Payments to Avoid the Debt Ceiling
The G fund is again being used as a stop-gap measure to avoid the federal government hitting the debt ceiling for the second time in a few months.
What Happens to Your TSP Funds If the Debt Limit is Not Raised?
The next political debate on the federal debt will be the question of raising the debt ceiling which is currently about $14.3 trillion. Since this ceiling will be reached in a short time, and since Congress has not yet voted to raise the debt limit, what will be the impact on federal retirement funds while the debate continues?
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