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Debt limit

The total amount of money the United States government is allowed to borrow to meet its existing legal obligations, like paying for Social Security and Medicare benefits, military salaries, interest on the national debt, and tax refunds.

Extraordinary measures

Special accounting steps taken by the Treasury Department when the national debt reaches its legal limit to temporarily avoid defaulting on government payments. These can include temporarily suspending investments in certain government trust funds or altering how government bonds are issued.

Administrative cost

The expenses related to managing and carrying out a specific task or program, including the cost of personnel, consultants, fees, and other associated operational expenditures.

Public debt

The total amount of money that the U.S. federal government owes to its creditors, both domestic and foreign, stemming from past borrowing to finance government spending.

Thrift Savings Fund (G Fund)

A retirement savings and investment plan for federal employees and members of the uniformed services, similar to a 401(k). The G Fund specifically invests in special Treasury securities, which can be temporarily used in extraordinary measures.

Civil Service Retirement and Disability Fund

A fund that provides retirement and disability benefits for federal civilian employees who are covered by the Civil Service Retirement System.