As US Hits Debt Limit, Treasury Taps Fed Pensions

Washington hit the debt ceiling today, barring the Treasury Department from borrowing from the public, so it will begin borrowing from federal workers’ pensions to keep the government afloat. Treasury is legally bound to reimburse the pensions, so retirees won’t be affected, notes the Washington Post , but if the debt…

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As US Hits Debt Limit, Treasury Taps Fed Pensions

Posted by on May 16, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.