Here We Go Again: Treasury Rebuilding Cash Reserves
· 14.06.2023 · 21:29:28 ··· ··· Wednesday ·· 3 (3)
ODDLY FUN U.S. Treasury Department effectively managed funds to avoid debt default.
Treasury's General Account at Federal Reserve reached a low of $48.5 billion on May 31, 2023.
Government successfully continued to pay its bills despite approaching debt default date.
Now, the government needs to issue bonds, maybe $1.0 trillion in bonds, to restore its cash balances to previous levels.
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