Government Could Run Out of Cash to Pay Bills in Second Half, Treasury Says

[mahatmakanejeeves]

Source: The Wall Street Journal.

Government Could Run Out of Cash to Pay Bills in Second Half, Treasury Says
Agency urges Congress to act promptly to raise the federal borrowing limit

By Kate Davidson
Updated May 1, 2019 9:16 a.m. ET

WASHINGTON--The U.S. government risks not being able to pay its bills on time later this summer or fall unless Congress acts to raise the federal borrowing limit, the Treasury Department said Wednesday.

Congress voted in February 2018 to suspend the debt limit until March 1.

Read more: https://www.wsj.com/articles/treasury-government-could-run-out-of-cash-to-pay-bills-in-second-half-11556715230

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Not that it's important or anything. You'll have to get past the paywall to read the rest.

https://twitter.com/KateDavidson
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Another source:

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https://www.marketwatch.com/story/treasury-holds-line-on-auction-sizes-says-extraordinary-measures-around-debt-limit-will-be-exhausted-sometime-in-second-half-of-year-2019-05-01

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Treasury retains auction sizes, says extraordinary measures around debt limit will be exhausted in next 6 months

Published: May 1, 2019 9:00 a.m. ET

Treasury will auction $84 billion in notes and other debt next week

The numbers: The Treasury Department will auction $84 billion in notes and debt next week in its quarterly refunding auctions, retaining the size of its prior offerings, the government said Wednesday.

The department also said its extraordinary measures to keep the U.S. below the debt ceiling "will be exhausted sometime in the second half of the year."
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[IronLionZion]

1. Maybe they'll solve this problem with more tax cuts for the wealthy

and cut benefits and social programs even more.

They might have another government shutdown since the last one worked out so well for them.

[marble falls]

2. Fire them printing presses up! Now Reaganesque "stagflation" begins and the GOP pushes ...

"supply side/trickle down!"

[Javaman]

4. wait for it. the orange asshole has already called for that.

I fear the need of a wheel barrow to replace my wallet soon.

[Bengus81]

7. Amazon pays ZERO taxes in the last two years---NETS $3.6B in first quarter 2019

And we're going broke faster than ever. Who'd a thunk it?!?!

[NotHardly]

3. Maybe they ought to ask for some of that free money back they gave big biz

[BigmanPigman]

5. Those pesky tax cuts for the rich, who knew?

[Bengus81]

6. Quick Trump,RAISE taxes on the middle class!!!

They got NOTHING off of your tax cut,so they wouldn't miss it. In reality,Trump and his thugs will just borrow trillions more and just blow it off for some Dem to pay off down the line.

Trump is rushing toward his THIRD trillion added to the ND since 1/20/17 and they keep coming faster and faster.

[keithbvadu2]

8. If the GOP no longer stands for fiscal responsibility or family values, what does it represent? Huge

If the GOP no longer stands for fiscal responsibility or family values, what does it represent? Huge tax cuts for the rich, small cuts for others (As Paul Ryan pointed out, $1.50 a month), adultery, higher deficits, hiring illegals rather than Americans

[Wolf Frankula]

9. tRump will do what he always does.

Declare bankruptcy.

Wolf

[Evolve Dammit]

10. He is destroying America. It's what Putin wants and he likes the idea. Deparaved MF.

[sarcasmo]

11. Trump bankrupting the nation like every other Trump business. #ETTD