U.S. Treasury Taking Steps to Avoid Debt Ceiling
As U.S. debt has soared past the $22 trillion level, the ongoing problem is once again catching some attention. It was recently reported that the Treasury Department is taking some extraordinary measures to avoid violating the debt ceiling as it could have significant effects. Reuters reported that Treasury Secretary Steve Mnuchin sent a letter to House Speak Nancy Pelosi on Monday saying he was suspending investment in the Civil Service Retirement and Disability Fund and that a “debt issuance suspension period” would commence on Monday... Continue Reading
Category | Economic and Geopolitical News