WASHINGTON, Jan. 1 (UPI) -- Treasury Secretary Timothy Geithner Monday notified Congress the United States has reached its $16.4 trillion debt ceiling.
"I am writing to notify you ... of my determination that, by reason of the statutory debt limit, I will be unable to invest fully the portion of the Civil Service Retirement and Disability Fund not immediately required to pay beneficiaries," Geithner said in a letter addressed to Senate Majority Leader Harry Reid, D-Nev., and copied to House Speaker John Boehner, R-Ohio, House Minority Leader Nancy Pelosi, D-Calif., and Senate Minority Leader Mitch McConnell, R-Ky.