US Department of the Treasuryannounced the data on the cash balance of the treasury. Accordingly, the cash level of the US Treasury decreased to $ 38.8 billion as of Thursday. This rate was at the level of 49.5 billion dollars the previous day.
Goldman Sachs On May 19, the US Treasury Department estimated that the cash level would fall below $30 billion by June 8-9. It was stated that this situation could adversely affect the capacity of the federal government to fulfill its obligations.
IF THE TREASURY DEBT LIMIT IS NOT INCREASED, THEY MAY HAVE A CASH STRESS…
The US reached the debt limit of 31.4 trillion dollars on January 19, and the US Treasury began to take extraordinary measures to avoid exceeding the limit.
The Treasury Department had warned that these extraordinary measures could be exhausted by the beginning of June.
US Treasury Secretary Janet Yellen, Speaker of the US House of Representatives on debt limit Kevin McCarthyIn a letter to .
Despite the approaching date White House with Republicans Although progress has been made in negotiations on increasing the budget limit between the two countries, no agreement has yet been reached.