U.S. Treasury has used more than 90% of debt ceiling "special me

4 giu 2023

The U.S. Treasury Department said in a statement on June 2 that as of May 31, the U.S. Treasury had only $33 billion in "special initiatives" funds left to pay government bills. The authorized funds, totaling $337 billion, are designed to ensure that the U.S. government does not run out of room to pay its bills. The total fell from $67 billion on May 24 to just $33 billion. It is reported that this "special measure" will allow the government to continue issuing debt even if the debt scale reaches the $31.4 trillion cap set by Congress.