The amount of money available to pay bills in the US has increased, providing a respite for the government as it struggles to maintain spending until it finds a solution to the debt ceiling. The U.S. Treasury's cash balance rose to $68.3 billion as of May 22, according to data released Tuesday. That was up from $60.7 billion the day before, but still well below the $140 billion recorded on May 12.
The Treasury Department's bank account has been under downward pressure recently as it moves to avoid breaching the $31.4 trillion debt ceiling.
More popular news:
'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices
Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why
Goldman Sachs Lowers Price Forecast for Aluminium, Copper in 2023, Sees Nickel Price Plunging
Zinc Prices to Plunge by 2025, Here's Why
G7 to Expand Sanctions Covering Metals on Russia, Promises Further Support for Ukraine
IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge
BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023
Takeaways of Warren Buffett and Berkshire Hathaway’s 2023 Annual Meeting
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters
No Other Country can Replace China's Manufacturing Industry Including India



