Insights for Navigating an Uncertain World
“Treasury Secretary Janet Yellen formally put Congress on notice last week that the agency will have to start taking “extraordinary measures” after the US reaches its $31.4 trillion debt limit on Thursday.”
Click on the link below for a more complete description of these “extraordinary measures.”
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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Wow, Mark. That G-fund analysis is a doozy. Treasury is using the retirement fund of Federal employees as a fund of last reserve. That is a conflict of interest by the Sec Tres.