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The Treasury Departments latest official daily accounting of the U.S. governments receipts, expenditures and borrowings--released this afternoon at 4:00 p.m.--indicates that the legally limited debt of the federal government has now been exactly $16,699,396,000,000 for 100 straight days.
The Daily Treasury Statement released today showed the status of the governments accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal governments debt did not change on Saturday or Sunday.
The statement for Aug. 23 said the federal debt subject to the legal limit set by Congress was $16,699,396,000,000or $25 million below the current limit of $16,699,421,000,000. Every Daily Treasury Statement since May 17 has also shown the legally limited debt at $16,699,396,000,000, or $25 million below the limit. ....
On May 17, Treasury Secretary Jack Lew sent House Speaker John Boehner a letter indicating that the Treasury was then hitting the legal limit on the debt and that he would begin using extraordinary measures to allow the government to continue borrowing money without exceeding that limit. In total, the extraordinary measures currently available free up approximately $260 billion in headroom under the limit, as described below, said an appendix to Lews letter. Among the extraordinary measures Lew said he could take to create this headroom under the debt limit were: 1) not investing new money from the Civil Service Retirement and Disability Fund (CSRDF) in U.S. Treasury securities, which he said would create $6.4 billion in headroom per month, 2) not reinvesting $58 billion ion Treasury Securities held by the CSRDF that would be maturing and not reinvesting $16 billion in interest owed to the fund, which would create $74 billion in headroom, 3) suspending the routine daily reinvestment of $160 billion in special Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan, which would create another $160 billion in headroom, and 4) suspending the routine daily reinvestment of Treasury securities held by the governments own Exchange Stabilization Fund, which would create another $23 billion in headroom.
100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000 | CNS News
The Treasury Departments latest official daily accounting of the U.S. governments receipts, expenditures and borrowings--released this afternoon at 4:00 p.m.--indicates that the legally limited debt of the federal government has now been exactly $16,699,396,000,000 for 100 straight days.
The Daily Treasury Statement released today showed the status of the governments accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal governments debt did not change on Saturday or Sunday.
The statement for Aug. 23 said the federal debt subject to the legal limit set by Congress was $16,699,396,000,000or $25 million below the current limit of $16,699,421,000,000. Every Daily Treasury Statement since May 17 has also shown the legally limited debt at $16,699,396,000,000, or $25 million below the limit. ....
On May 17, Treasury Secretary Jack Lew sent House Speaker John Boehner a letter indicating that the Treasury was then hitting the legal limit on the debt and that he would begin using extraordinary measures to allow the government to continue borrowing money without exceeding that limit. In total, the extraordinary measures currently available free up approximately $260 billion in headroom under the limit, as described below, said an appendix to Lews letter. Among the extraordinary measures Lew said he could take to create this headroom under the debt limit were: 1) not investing new money from the Civil Service Retirement and Disability Fund (CSRDF) in U.S. Treasury securities, which he said would create $6.4 billion in headroom per month, 2) not reinvesting $58 billion ion Treasury Securities held by the CSRDF that would be maturing and not reinvesting $16 billion in interest owed to the fund, which would create $74 billion in headroom, 3) suspending the routine daily reinvestment of $160 billion in special Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan, which would create another $160 billion in headroom, and 4) suspending the routine daily reinvestment of Treasury securities held by the governments own Exchange Stabilization Fund, which would create another $23 billion in headroom.
Well, hell, then just leave the current debt ceiling in place and live of the Democrats 'head room'; sounds like that might be good for a decade or two, lol.
Where is all this money going?
Not science
Not tech
Not infrastructure=That has decreased
Some of it is going to welfare...
Something stinks
Where is all this money going?
Not science
Not tech
Not infrastructure=That has decreased
Some of it is going to welfare...
Something stinks
Where is all this money going?
Not science
Not tech
Not infrastructure=That has decreased
Some of it is going to welfare...
Something stinks
Bankers pockets. It's been stinking for years. People are too stupid too figure it out. Our Treasurey has been wiped out.
100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000 | CNS News
The Treasury Departments latest official daily accounting of the U.S. governments receipts, expenditures and borrowings--released this afternoon at 4:00 p.m.--indicates that the legally limited debt of the federal government has now been exactly $16,699,396,000,000 for 100 straight days.
The Daily Treasury Statement released today showed the status of the governments accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal governments debt did not change on Saturday or Sunday.
The statement for Aug. 23 said the federal debt subject to the legal limit set by Congress was $16,699,396,000,000or $25 million below the current limit of $16,699,421,000,000. Every Daily Treasury Statement since May 17 has also shown the legally limited debt at $16,699,396,000,000, or $25 million below the limit. ....
On May 17, Treasury Secretary Jack Lew sent House Speaker John Boehner a letter indicating that the Treasury was then hitting the legal limit on the debt and that he would begin using extraordinary measures to allow the government to continue borrowing money without exceeding that limit. In total, the extraordinary measures currently available free up approximately $260 billion in headroom under the limit, as described below, said an appendix to Lews letter. Among the extraordinary measures Lew said he could take to create this headroom under the debt limit were: 1) not investing new money from the Civil Service Retirement and Disability Fund (CSRDF) in U.S. Treasury securities, which he said would create $6.4 billion in headroom per month, 2) not reinvesting $58 billion ion Treasury Securities held by the CSRDF that would be maturing and not reinvesting $16 billion in interest owed to the fund, which would create $74 billion in headroom, 3) suspending the routine daily reinvestment of $160 billion in special Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan, which would create another $160 billion in headroom, and 4) suspending the routine daily reinvestment of Treasury securities held by the governments own Exchange Stabilization Fund, which would create another $23 billion in headroom.
Well, hell, then just leave the current debt ceiling in place and live of the Democrats 'head room'; sounds like that might be good for a decade or two, lol.
It's all just tracking monopoly money anyway. May as well leave it.
