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Treasury Reiterates Warning US Government Could Run Out of Money to Service Debt By October
Sputnik International
9-9-21
WASHINGTON (Sputnik) - The US government could run out of money as early as next month to service its debt, Treasury Secretary Janet Yellen said on Wednesday, reiterating her warning that emergency measures put in place to raise cash could be exhausted soon.
"Given this uncertainty, the Treasury Department is not able to provide a specific estimate of how long the extraordinary measures will last," Yellen said in a copy of her letter to Pelosi, released by the department. "However, based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October."
Yellen announced in August that the Treasury Department was suspending fully or partly investments in the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund and a section of the Federal Employees Retirement to free up funds to service-------
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