Debt Ceiling Causes Treasury to again ‘Disinvest’ G Fund

The Treasury Department has said that starting this week it will “disinvest” the TSP’s government securities G fund as part of financial maneuvers to avoid hitting the debt ceiling.

In disinvestment, the Treasury in effect takes the G fund off the government’s books as debt owed, freeing up an equivalent amount of money. In a letter to Congress, Treasury Secretary Janet Yellen said she was using that authority, as well as maneuvers involving the civil service retirement fund and others, to “temporarily provide additional capacity for Treasury to continue financing the operations of the federal government.” Click HERE to read full article.