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10/15/2004:
Treasury Suspends G Fund Investments in Federal Retirement Plan During Federal Debt Crisis
(Congress Daily via GovExec.com)
Excerpt: Treasury Secretary John Snow Thursday indicated the government has reached the statutory federal debt ceiling, notifying Congress that he must begin to tap a federal retirement fund to avoid breaching the limit. In a letter to Senate Majority Leader Bill Frist, R-Tenn., Snow wrote that, starting Thursday, he would be unable to fully invest in the Government Securities Investment Fund, the so-called G Fund.
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