Treasury Secretary on Debt Limit: ‘Extraordinary Measures’ for Civil Service Retirement and Disability, Postal Retiree Health Benefits, and TSP G Funds

January 13, 2023 WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit. The full text of the letter can be found here and is available below. The Honorable Kevin McCarthy Speaker U.S. House of Representatives Washington, DC 20515 Dear Mr….

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CBO: Additional Info about Estimated Costs of Fattah Amendment to FY 2016 Appropriations Bill

Summary For fiscal year 2016 the amendment would require the United States Postal Service (USPS) to comply with the service standards for first class mail and periodicals that were effective on July 1, 2012. CBO estimated that enacting the Fattah amendment would increase off-budget spending by $300 million in fiscal year 2016. In July of…

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