GEITHNER OVERSEEING GOVERNMENT RETIREMENT FUND LOSS

U.S. Treasury, Trying To Duck Borrowing Limit, Will Stop Investing In Gov’t Retirement Funds

Dec 27, 2012 12:40 pm

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WASHINGTON (AP) — The U.S. Treasury Department will begin taking steps on Friday to delay hitting the government’s $16.4 trillion borrowing limit on Dec. 31. Treasury Secretary Timothy Geithner said in a letter Wednesday to congressional leaders that the department will use accounting measures to save approximately $200 billion. That could keep the government from [...]

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