• About us
  • Contact Us
  • Affiliate disclaimer
  • Spam Policy
  • Privacy Policy
  • Copyright Notice
  • Disclaimer
  • DMCA
  • Medical Disclaimer
  • Social Disclaimer
  • Terms & Conditions
  • Submit Your Stories
Corruption by Cops
Advertisement
  • Cop Watch
  • Police Corruption
  • Civilian Patrols
  • Blogs
  • Shop
  • Court Watch
  • Judicial Watch
  • WatchDog
  • Defund The Police
No Result
View All Result
  • Cop Watch
  • Police Corruption
  • Civilian Patrols
  • Blogs
  • Shop
  • Court Watch
  • Judicial Watch
  • WatchDog
  • Defund The Police
No Result
View All Result
Corruption by Cops
No Result
View All Result
Home Bail Reform

Treasury takes another ‘extraordinary’ step on debt limit

CorruptionByCops by CorruptionByCops
January 24, 2023
in Bail Reform
0
Treasury takes another ‘extraordinary’ step on debt limit
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen sent a letter Tuesday to congressional leaders saying she’s suspending the reinvestment of some federal bonds in a government workers’ savings plan — an additional “extraordinary” measure to buy time for President Joe Biden and Congress to raise the nation’s debt limit.

The government bumped up against its legal borrowing capacity last Thursday, prompting Treasury to take accounting steps regarding federal employees’ retirement and health care plans that will enable the government to stay open until roughly June.

Yellen said in the letter that as of Monday she also determined that the government “will be unable to invest fully” in the government securities portion of the thrift savings fund in the federal employees’ retirement system.

She noted that her predecessors have taken a similar action in the past, noting that by law the accounts “will be made whole once the debt limit is increased or suspended.”

But it’s an open question to how the White House and Congress find common ground on the artificial cap imposed by Congress.

Biden and Republican House Speaker Kevin McCarthy have sharp differences over how to raise the debt ceiling, setting off the possibility of the extraordinary measures being exhausted this summer and risking a government default that could wreak economic havoc.

Senate Republican Leader Mitch McConnell has said the U.S. will not default, but it’s unclear how Biden can reconcile his insistence on a clean increase with McCarthy’s demand for spending cuts.

White House press secretary Karine Jean-Pierre said at Monday’s news briefing that Biden is “happy to talk to anyone who wants to deal” with deficit reduction in a “responsible way.”

But Jean-Pierre said that deficit reduction should not be tied to whether the U.S. government pays its bills that are already being incurred.

“It must be done without conditions,” Jean-Pierre said, adding, “President Biden will never — will never allow Republicans to cut benefits that our hardworking Americans have earned. This is what they have earned.”

McCarthy has yet to outline the scope or the specifics of the cuts that House Republicans would like to see, although any final plan would need to pass the Democratic-controlled Senate and receive Biden’s signature.

“Families and businesses have to live within a budget — Washington must as well,” McCarthy tweeted on Sunday.


Source link

Previous Post

Half Moon Bay mass shooting considered “workplace violence incident,” police say | FULL

Next Post

Cop No Shows Case DISMISSED

CorruptionByCops

CorruptionByCops

Next Post
Cop No Shows Case DISMISSED

Cop No Shows Case DISMISSED

  • Trending
  • Comments
  • Latest
COP WATCH BAKERSFIELD

COP WATCH BAKERSFIELD

October 5, 2022
US Compliance Enforcement – Securities

US Compliance Enforcement – Securities

October 5, 2022
How corrupt Baltimore cops used the badge to steal

How corrupt Baltimore cops used the badge to steal

October 5, 2022
In a nod to JFK, Biden pushing ‘moonshot’ to fight cancer

In a nod to JFK, Biden pushing ‘moonshot’ to fight cancer

October 5, 2022

Libyan Asset Recovery and Management Office Files Historic Discovery Application in U.S. District Court for the Southern District of New York

0

Journalists Maria Ressa and Dmitry Muratov receive Nobel peace prize | Nobel peace prize

0

It was right to expose Andrew Griffiths as an abuser; powerful men must be accountable | Charlotte Proudman

0

Militarized Policing Is a Global Problem With U.S. Roots

0
Man accused of shooting 19-year-old out on bail

Detroit man out on bond in teen’s shooting arrested Monday, police say

January 31, 2023
Hochul Preparing to Deliver State Budget Message on Wednesday

Hochul Preparing to Deliver State Budget Message on Wednesday

January 31, 2023
1/31/23: Where’s the data on bail reform?

1/31/23: Where’s the data on bail reform?

January 31, 2023
Hochul has big budget plans, but the economic forecasts potential headwinds

Hochul has big budget plans, but the economic forecasts potential headwinds

January 31, 2023

Recent News

Man accused of shooting 19-year-old out on bail

Detroit man out on bond in teen’s shooting arrested Monday, police say

January 31, 2023
Hochul Preparing to Deliver State Budget Message on Wednesday

Hochul Preparing to Deliver State Budget Message on Wednesday

January 31, 2023
1/31/23: Where’s the data on bail reform?

1/31/23: Where’s the data on bail reform?

January 31, 2023
Hochul has big budget plans, but the economic forecasts potential headwinds

Hochul has big budget plans, but the economic forecasts potential headwinds

January 31, 2023
ADVERTISEMENT
Corruption by Cops

Police officers are supposed to provide safety, security, and help to the everyday civilian. So what happens when they suddenly go rogue and abuse their power? At CorruptionByCops.com, we amplify the people's voice by showcasing the news, updates, insights, and personal stories from user-submitted events, acting as an aggregator for any corruption-related story. Whether conducting a copy watch at a local traffic stop or providing details of a massive conspiracy, our platform is verifying the police need significant reform now.

We take a deeper look at the stories of critical groups and public lead organizations like Civilian Patrols, Neighborhood Watch, Civilian Observation Patrols (COP), Community Patrols, Customs & Border Patrol, Sharia Patrol, Shomrim Patrol, Shmira Patrol, and Private Security by giving whistleblowers and every citizens the power to voice their experiences!

Follow Us

Browse by Category

  • Abuse of power
  • Accountability
  • Anti-Corruption
  • Bail Reform
  • Blogs
  • Brass Corruption
  • CACEM
  • CACF
  • CACM
  • Certification
  • Civilian Observation Patrol (COP)
  • Civilian Patrols
  • Community Patrol
  • Conflicts of interest
  • Cop Watch
  • Corrupt Judges
  • Corrupt Lawmakers and Politicians
  • Corrupt Lawyers and Law Firms
  • Corrupt Prosecutors
  • Corruption
  • Costs of Corruption
  • Court Watch
  • Customs & Border Patrol
  • Defund The Police
  • DOJ
  • Ethics
  • Featured Video
  • Fraud
  • Governance
  • Headlines
  • Human rights
  • Integrity
  • Judicial Corruption
  • Judicial Watch
  • Leadership
  • Learning Programs
  • money laundering
  • Neighborhood Watch
  • Opinions
  • Police Abuse
  • Police Bribery
  • Police Brutality
  • Police Corruption
  • POLICE DEVIANCE
  • Police Extortion
  • Police Killings
  • Police Misconduct
  • Police Precinct Corruption
  • Police Retaliation
  • Police Shootings
  • Police Suicide
  • Principles of Fighting Corruption
  • rule of law
  • Sharia Patrol
  • Shmira Patrol
  • Shomrim Patrol
  • Student
  • Suicide By Cops
  • Transparency
  • Types of Fraud and Corruption
  • Uncategorized
  • WatchDog
  • Whistleblowers
  • whistleblowing

Recent News

Man accused of shooting 19-year-old out on bail

Detroit man out on bond in teen’s shooting arrested Monday, police say

January 31, 2023
Hochul Preparing to Deliver State Budget Message on Wednesday

Hochul Preparing to Deliver State Budget Message on Wednesday

January 31, 2023
1/31/23: Where’s the data on bail reform?

1/31/23: Where’s the data on bail reform?

January 31, 2023
Hochul has big budget plans, but the economic forecasts potential headwinds

Hochul has big budget plans, but the economic forecasts potential headwinds

January 31, 2023
  • About us
  • Contact Us
  • Affiliate disclaimer
  • Spam Policy
  • Privacy Policy
  • Copyright Notice
  • Disclaimer
  • DMCA
  • Medical Disclaimer
  • Social Disclaimer
  • Terms & Conditions
  • Submit Your Stories

© 2022 CorruptionByCops.com

No Result
View All Result
  • Cop Watch
  • Police Corruption
  • Civilian Patrols
  • Blogs
  • Shop
  • Court Watch
  • Judicial Watch
  • WatchDog
  • Defund The Police

© 2022 CorruptionByCops.com

en English
af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu