U.S. Treasury dips into pension funds to avoid debt limit

[Huey P. Long]

U.S. Treasury dips into pension funds to avoid debt limit
WASHINGTON | Wed Jan 18, 2012 2:48am IST

WASHINGTON (Reuters) - The U.S. Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills.

"I will be unable to invest fully" the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress.

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Geithner said Treasury started suspending reinvestments in a federal pension fund known as the G-Fund -- a tool Treasury has had to employ six times over the past 20 years in order to keep the country below the statutory debt limit.

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http://in.reuters.com/article/2012/01/17/usa-debt-treasury-idINDEE80G0MI20120117

[zbdent]

1. Start with the Congress' "pension fund"

before you get to the pension funds of people who actually do work ...

[lsewpershad]

2. Plus 1