The U.S. Department of Treasury has stopped investments in two federal pension funds as it reaches its $14.294 trillion debt ceiling, The Wall Street Journal reports. The government will suspend debt issuance to the Civil Service Retirement and Disability Fund and the Government Securities Fund of the Federal Employees Retirement System from May 23, 2011. The suspension period for the two funds will continue until Aug. 2, 20011. The move will free up about $147 billion in headroom under the debt ceiling. The funds will be made whole once the debt limit is increased and federal retirees will be unaffected.
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