GAO Report on Treasury 'G' Fund Raid

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Fiscal Cliff Fight Club - Government Shutdown Edition.

DebtClub

 

As mentioned here, the next food fight in DC will be regarding the Debt Ceiling. The Treasury Secretary is already taking extraordinary measures to continue to operate the US Government as we bump up against the current debt limit.

Many of you have heard the post-fiscal-cliff-deal-did-nothing-about-sequestration saber rattling of the impending Government Shutdown. [...]

Debt Ceiling Maneuvers - Treasury to Raid TSP G Fund

Zimbabwe20

On December 26th, while we were all busy recovering from the Holiday and headed out for year-end clearance sales, the Treasury Secretary dropped a surprise on us. He announced that the federal government will once again hit its ‘debt ceiling’ on Dec 31st, and that the Treasury will take ‘extraordinary measures’ to stretch [...]