US Government Can Run Out of Money at the Beginning of June with Cash Balance Falling to Lowest Point Since 2021

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.

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