Filed Under:Markets, Employee Benefits

Treasury to tap federal pension funds to ease fiscal cliff

U.S. Treasury Secretary Timothy Geithner speaks about the U.S. economy in Los Angeles, July 31, 2012. (AP/Nick Ut)
U.S. Treasury Secretary Timothy Geithner speaks about the U.S. economy in Los Angeles, July 31, 2012. (AP/Nick Ut)

The 11th hour of fiscal cliff now in full effect, the big threats are starting to come out — one of which might see the U.S. Treasury tapping federal employee pension funds to keep the country afloat.

This worst-case scenario, discussed by the Washington Post, may be part political posturing, but federal officials are now scrambling to find measures to keep the wheels of government — and the economy — rolling as leaders continue to bicker over the details of a solution to the impending tax hikes.

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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