A
DEPARTMENT OF THE TREASURY
January 19, 2023
‘The Honorable Kevin MoCarthy
Speaker
USS. House of Representatives
Washington, DC 20515
eat Mi. Spesker:
| write to keep you apprised of actions the Treasury Department is aking in regard to the debt
limit In my leer of January 13, 2023, T noted that Public Law 117-73 increased the statutory
debt limit to a level of $31,381 willion, and informed you that beginring on January 19, the
outstanding debt of the United States was projected to reach the statutory limit. This letter serves
‘o notify you, pursuant to 5 U.S.C. § 8348(1)2), of the extraordinary measures Treasury began
using today,
Firs, [have determined that, by reason ofthe statutory debt limit I will be unable to fully invest
the portion of the Civil Service Retirement and Disability Fund (CSRDF) not immediately
required to pay beneficiaries, and that a “debt issuance suspension period” will begin on
Thursday, January 19, 2023, and last through Monday, June 5, 2023. My predecessors have
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