![](https://i.imgur.com/CLvY2jA.png")
03-08-2021, 09:10 AM
U.S. Treasury suspends government retirement, health fund payments as debt limit resets
August 3, 20217:43 AM +08
David Lawder
......
Yellen said she was suspending investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund that are not immediately required to pay beneficiaries.
......
The Congressional Budget Office has estimated that the extraordinary measures could claw back more than US$340 billion in borrowing capacity under the limit. CBO said these actions, combined with the Treasury's current cash balance of about US$459 billion, would allow the government to avoid a payment default into October or November as a partisan fight unfolds over a new suspension or increase in the debt cap.
Full report at:
https://www.reuters.com/world/us/us-trea...021-08-02/
August 3, 20217:43 AM +08
David Lawder
......
Yellen said she was suspending investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund that are not immediately required to pay beneficiaries.
......
The Congressional Budget Office has estimated that the extraordinary measures could claw back more than US$340 billion in borrowing capacity under the limit. CBO said these actions, combined with the Treasury's current cash balance of about US$459 billion, would allow the government to avoid a payment default into October or November as a partisan fight unfolds over a new suspension or increase in the debt cap.
Full report at:
https://www.reuters.com/world/us/us-trea...021-08-02/
![[Image: 20210803-125349.jpg]](https://i.ibb.co/F6dR8J5/20210803-125349.jpg)
