US Treasury cash balance rises to $76.55 bln as of Tuesday

U.S. Treasury Secretary Janet Yellen has said the Treasury could run short of sufficient cash and borrowing resources to pay all of the U.S. government's bills as soon as June 1 without action by Congress to increase the debt ceiling. As of May 17, the Treasury had $92 billion in borrowing capacity remaining under available extraordinary cash management measures to avoid breaching the debt limit.


Reuters | Updated: 25-05-2023 01:30 IST | Created: 25-05-2023 01:30 IST
US Treasury cash balance rises to $76.55 bln as of Tuesday

The U.S. Treasury said on Wednesday that its cash balance as of Tuesday was $76.55 billion, compared to $68.34 billion on Monday and $94.63 billion a week earlier, amid tense negotiations over raising the federal debt ceiling. U.S. Treasury Secretary Janet Yellen has said the Treasury could run short of sufficient cash and borrowing resources to pay all of the U.S. government's bills as soon as June 1 without action by Congress to increase the debt ceiling.

As of May 17, the Treasury had $92 billion in borrowing capacity remaining under available extraordinary cash management measures to avoid breaching the debt limit. An update on this capacity is expected on Friday.

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