WASHINGTON Feb 10 The U.S. Treasury Department
on Monday suspended investments in two government pension funds
to preserve borrowing capacity given the reimposition of the
nation's debt ceiling over the weekend.
In a letter to congressional leaders, Treasury Secretary
Jack Lew said the department would suspend investments in the
Civil Service Retirement and Disability Fund and the Government
Securities Investment Fund beginning on Monday. It would also
redeem a portion of the CSRDF, he said.
Taken together, the actions would free up more than $175
billion in borrowing capacity, according to the Treasury.