US Treasury’s Cash Pile Dwindles to Lowest Since 2021 as Debt-Ceiling Talks Stall
The US Treasury’s window to keep the US government from running out of borrowing room continues to narrow as declines in its cash balance to the lowest since 2021 offset a slight uptick in funds available for extraordinary measures. The Treasury had just $92 billion of extraordinary measures to help keep the government’s bills paid as of May 17, the department said in a statement Friday. That’s up from around $88 billion on May 10 and means that a little over a quarter of the $333 billion of authorized measures are still available to keep the US government from running out of borrowing room under the statutory
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