U.S. stops pension contributions to preserve cash

The Treasury Department suspended contributions to a government retirement savings plan in an effort to conserve cash while the U.S. government waits for Congress to raise the national debt limit. Treasury Secretary Timothy Geithner said in a letter to congressional leaders that because of the statutory debt limit, he is "unable to invest fully" in the Federal Thrift Savings Plan's $158.52 billion Government Securities Investment Fund, commonly known as the G Fund.

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Pensions & Investments (free registration) · Washington Post, The

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