CBO: Treasury to Run Out of Cash in Next 3 Months, Leading to Default or Delay of Payments

[rangerrebew]

 CBO: Treasury to Run Out of Cash in Next 3 Months, Leading to Default or Delay of Payments
Posted By Ali Meyer On June 30, 2017 @ 5:00 am In Issues | No Comments

The Treasury is set to run out of cash in October, which may lead to a default on debt obligations or payment delays for government programs, according to a report from the Congressional Budget Office.

On March 15, 2017, the suspension of the debt limit expired and since then the Treasury has been able to borrow additional funds without violating the debt ceiling.
 

Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/issues/cbo-treasury-run-cash-next-3-months-leading-default-delay-payments/

[IsailedawayfromFR]

The govt has been running on IOUs for a long time now.

They have no real cash other than what they print up.

[Bigun]

I'm sick to DEATH of hearing this phony default BS!  The government's current cash inflow is more than enough to service our debt so all of that garbage is just a scare tactic!