Description of Extraordinary Measures, August 2021   [open pdf - 193KB]

Alternate Title: Description of the Extraordinary Measures, August 2, 2021

From the Document: "Secretaries of the Treasury in both Republican and Democratic administrations have exercised their authority to take certain extraordinary measures in order to prevent the United States from defaulting on its obligations as Congress deliberated on increasing the debt limit. Four of these extraordinary measures are available at this time. The other measures that have been taken in the past are either unavailable at this time or of limited use. The extraordinary measures currently available are: (1) suspending sales of State and Local Government Series Treasury securities; (2) redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund; (3) suspending reinvestment of the Government Securities Investment Fund; and (4) suspending reinvestment of the Exchange Stabilization Fund. Available measures are described in more detail [in the document], and will continue to be evaluated on an ongoing basis."

Public Domain
Retrieved From:
U.S. Department of the Treasury: https://www.treasury.gov/
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