More Such Maneuvers May be Ahead

The Treasury letter to Congress indicated that there may be more financial maneuvering ahead for the G fund unless Congress acts soon to raise the debt ceiling-which it has been reluctant to do. The recent maneuvering ended only because of an inflow of revenue related to the income tax filing deadline, but Treasury said that by late June the government likely will be up against the debt limit again. Even though the fund was made good-as it was in the past when similar moves were made several times-many TSP investors find use of the fund for the government’s budgetary purposes highly objectionable and a breach of the promise that money they invest in the TSP is theirs and theirs alone.