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- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
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- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
Shows & Panels
TSP Board: G Fund protected despite debt ceiling
Thursday - 1/19/2012, 3:50pm EST
"G Fund earnings are fully guaranteed by the Federal Government, and this statutory guarantee has effectively protected G Fund investors many times over the past 25 years," wrote TSP Executive Director Greg Long on the TSP website.
A 1987 measure, known as the "make-whole" provision, contained in the legislation that created the TSP, ensures that if there was a debt crisis, G Fund earnings would be guaranteed.
"G Fund account balances will continue to accrue earnings and be updated each business day, and loans and withdrawals will be unaffected," Long wrote.
Last week, President Obama requested a $1.2 trillion borrowing limit increase, the third and final request as part of a deal the White House reached with lawmakers in August to prevent a government default. In a symbolic gesture, the House voted against raising the borrowing cap. The Senate is expected to kill the House's resolution of disapproval, and Obama's veto power guarantees the increase will go through as planned. The increase would bring the debt limit to $16.4 trillion.
The Associated Press contributed to this story.