Janet Yellen UPS Janet Yellen

Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling Woes

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wsj.com

The Treasury Department will stop fully investing in a government investment vehicle for federal employees as the U.S. bumps up against its debt ceiling, Secretary Janet Yellen said Tuesday in a letter to congressional leaders.The department will hold back money from the Government Securities Investment Fund of the Thrift Savings Fund, known as the “G Fund,” Ms.

Yellen said. The G Fund allows government employees to save in interest-bearing U.S. securities as part of their retirement savings.

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