US Government Raids Civil Service Pension Fund As It Hits $14.3 Trillion Debt Limit

The US has suspended payments into a civil service pension fund to free up almost $150bn (£92bn) as the major debtor nation approaches its legal borrowing limit. Congress needs to raise the legal debt ceiling, which will require Republicans and Democrats reaching agreement over an issue that bitterly divides them Photo: Reuters Timothy Geithner, the US [...] continue reading world news