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Treasury to tap federal pension funds to ease fiscal cliff

Borrowing - but promising to repay - up to $185 billion in federal pension savings might offer the U.S. Treasury some breathing room to wait out the fiscal cliff crisis.

By Andy Stonehouse | Updated on December 27, 2012

The 11th hour of fiscal cliff now in full effect, the big threats are starting to come out – one of which might see the U.S. Treasury tapping federal employee pension funds to keep the country afloat.

This worst-case scenario, discussed by the Washington Post, may be part political posturing, but federal officials are now scrambling to find measures to keep the wheels of government – and the economy – rolling as leaders continue to bicker over the details of a solution to the impending tax hikes.

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