US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: May 20, 2013 - 7:52 PM

WASHINGTON - Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.

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