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U.S. Treasury begins additional cash management measures due to debt limit

March 16, 2017 WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Thursday announced further cash management measures to avoid a U.S. default. In a letter to House of Representatives Speaker Paul Ryan, Mnuchin said that Treasury would no longer be able to fully invest in three retirement and investment funds for federal workers. They are the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal Employees’ Retirement System, according to the letter. All the funds would…

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U.S. Treasury begins more cash management measures due to debt limit

March 16, 2017 WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Thursday announced further cash management measures to avoid a U.S. default. In a letter to House of Representatives Speaker Paul Ryan, Mnuchin said that Treasury would no longer be able to fully invest in three retirement and investment funds for federal workers. They are the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal Employees’ Retirement System, according to the letter. All the funds would…

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