Government Could Run Out of Cash to Pay Bills in Second Half, Treasury Says
Source: The Wall Street Journal.
Government Could Run Out of Cash to Pay Bills in Second Half, Treasury Says
Agency urges Congress to act promptly to raise the federal borrowing limit
By Kate Davidson
Updated May 1, 2019 9:16 a.m. ET
WASHINGTON--The U.S. government risks not being able to pay its bills on time later this summer or fall unless Congress acts to raise the federal borrowing limit, the Treasury Department said Wednesday.
Congress voted in February 2018 to suspend the debt limit until March 1.
Read more: https://www.wsj.com/articles/treasury-government-could-run-out-of-cash-to-pay-bills-in-second-half-11556715230
Not that it's important or anything. You'll have to get past the paywall to read the rest.
https://twitter.com/KateDavidson
KATE.DAVIDSON@WSJ.COM
Another source:
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https://www.marketwatch.com/story/treasury-holds-line-on-auction-sizes-says-extraordinary-measures-around-debt-limit-will-be-exhausted-sometime-in-second-half-of-year-2019-05-01
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Treasury retains auction sizes, says extraordinary measures around debt limit will be exhausted in next 6 months
Published: May 1, 2019 9:00 a.m. ET
Treasury will auction $84 billion in notes and other debt next week
The numbers: The Treasury Department will auction $84 billion in notes and debt next week in its quarterly refunding auctions, retaining the size of its prior offerings, the government said Wednesday.
The department also said its extraordinary measures to keep the U.S. below the debt ceiling "will be exhausted sometime in the second half of the year."
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IronLionZion
(45,442 posts)and cut benefits and social programs even more.
They might have another government shutdown since the last one worked out so well for them.
marble falls
(57,081 posts)"supply side/trickle down!"
Javaman
(62,530 posts)I fear the need of a wheel barrow to replace my wallet soon.
Bengus81
(6,931 posts)And we're going broke faster than ever. Who'd a thunk it?!?!
NotHardly
(1,062 posts)BigmanPigman
(51,591 posts)Bengus81
(6,931 posts)They got NOTHING off of your tax cut,so they wouldn't miss it. In reality,Trump and his thugs will just borrow trillions more and just blow it off for some Dem to pay off down the line.
Trump is rushing toward his THIRD trillion added to the ND since 1/20/17 and they keep coming faster and faster.
keithbvadu2
(36,803 posts)If the GOP no longer stands for fiscal responsibility or family values, what does it represent? Huge tax cuts for the rich, small cuts for others (As Paul Ryan pointed out, $1.50 a month), adultery, higher deficits, hiring illegals rather than Americans
Wolf Frankula
(3,600 posts)Declare bankruptcy.
Wolf