The U.S. government's cash balance used to pay bills has fallen to its lowest point since 2021, and the government risks running out of money early next month if the statutory debt ceiling is not raised or suspended.
The U.S. Treasury's cash balance fell to just $49.5 billion on Wednesday, from $76.5 billion a day earlier and $140 billion on May 12, according to data released Thursday.
The Treasury's bank accounts have been under downward pressure recently. Wednesday's drop was the biggest one-day drop since May 15.
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
A Bull Gold Market Has Just Begun
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
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters



