The cash balance in the governments account took a sharp dive on Monday. It started the day with $139.944 billion, had revenues of $156.754 billion and expenditures of $209.267 billion, ending the day with just $87.431 billion.
Mano Singham
Just another Freethought Blogs site
The market doesn’t appear to have cared very much, yet.
Just wait to see what happens as the x-date approaches.
(Perhaps nothing, then a sharp everything.)
To point out the obvious to outsiders:
(https://www.atlanticcouncil.org/blogs/econographics/the-us-debt-limit-is-a-global-outlier/)