Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling Woes

House Republicans are planning to use the debt ceiling, which will need to be raised in 2023, as leverage to get spending cuts. But Democrats are looking to act now in the lameduck session to prevent that. WSJ explains three things they could do.The Treasury Department will stop fully investing in a government investment vehicle for federal employees as the U.S., Secretary Janet Yellen said Tuesday in a letter to congressional leaders.

The department will hold back money from the Government Securities Investment Fund of the Thrift Savings Fund, known as the “G Fund,” Ms. Yellen said. The G Fund allows government employees to save in interest-bearing U.S. securities as part of their retirement savings.

Nationalise the federal reserve! Liberate the fed liberate the US!

Wish they extended that to the fbi. When they broke into my car to steal the evidence I compiled regarding medical fraud, workplace assault, harassment, stalking, etc one the agents was driving a govt leased vehicle (got the license plate too). Guess, I should be thankful.

How about CUTTING SPENDING?

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Yellen says debt-limit standoff risks ‘self-imposed calamity’Treasury Secretary Janet Yellen said in an interview Saturday she expects Congress will ultimately vote to raise America’s debt limit, but GOP demands for spending cuts in return for backing an increase are “a very irresponsible thing to do.” It is irresponsible not to demand spending cuts. Spending like drunken sailors is even more irresponsible How is she the treasury secretary?
Source: MarketWatch - 🏆 3. / 97 Read more »