1 day ago · Description of the Extraordinary Measures . ... exercised their authority to take certain extraordinary measures in order to prevent the United States ... Treasury makes approximately $ 8.5 billion in civil service benefit payments from the CSRDF and $300 million in Postal Service retiree health benefit premium payments from the PSRHBF each ...
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
21 hours ago · WASHINGTON (AP) — In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter sent to congressional leaders Friday afternoon. She sent a letter in late December to lawmakers stating that Treasury expected to ...
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan.
1 day ago · Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using “extraordinary measures” to prevent the United States from ...
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 …
1 day ago · In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from ...
Yellen: Treasury starts "extraordinary measures" Jan. 21 to
5 hours ago · Treasury secretary Janet Yellen, in one of her final major acts in office, warned Congress late Friday that the Treasury will need to begin "extraordinary measures" on Tuesday to avoid hitting the debt limit.Why it matters: The first full day of the Trump 2.0 presidency will see the government scrambling to move money around, increasing the urgency of the problem he's demanded Congress address.
May 2, 2023 · Extraordinary measures represent a series of actions used to extend the date by which debt limit legislation must be enacted. The authority for using extraordinary measures rests with the Treasury Secretary (codified at 5 U.S.C. §8348 and 5 U.S.C. §8909).
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Jan 18, 2023 · When the country comes close to — or hits — the statutory debt limit, the Treasury secretary can find ways to shift money around government accounts to remain under the borrowing cap, essentially...
US Treasury to launch measures Tuesday to avoid debt limit breach
16 hours ago · The Treasury has a number of extraordinary balance sheet measures it can employ to avoid default, which budget analysts say could last several months, depending on the strength of tax revenues.
Treasury to begin ‘extraordinary measures’ as US approaches
“Informed observers expect that extraordinary measures would allow Treasury to meet federal obligations until sometime in summer 2025,” the Congressional Research Service said in a report on ...
The extraordinary measures currently being considered are: (1) redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund; (2) suspending reinvestment of the Government Securities
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