With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.
Tag: Treasury Department
-
Treasury Expects to Run Out of Cash by June 5
The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach agreement to raise the debt ceiling and avoid a crippling default.
-
$49.5 Billion in U.S. Treasury? For These Billionaires, That’s Nothing
The cash balance at the Treasury Department is now lower than the net worth of some of the world’s richest people.
-
Investors See Hope for a Debt Limit Deal
Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.