The Treasury Department in U.S. is finally here with a concrete step to remain within the Federal debt limit. It has been decided by the department to keep funding the government without crossing the national debt limit. This is indeed a commendable step.
As per the settlement between the Obama administration and Congress, increase in the debt ceiling has been approved. The “debt-issuance suspension period” has been announced by the U.S. government under the specific act which governs the Civil Service Retirement and Disability Fund. This will help the government to convert the remaining treasury securities used for funding and put it to good use for other improvements.