Highs And Lows of U.S. Cashflow Will Make for A Bumpy Ride, Intensifying The Partisan Stalemate As The Nation Moves Closer To Defaulting On Its $31.4 Trillion In Debt.
The U.S. Will Default On Its $31.4 Trillion Debt This Year If Congress Doesn’t Raise The Nation’s Borrowing Cap. But When, Exactly? That’s Harder To Answer.
While Congress Sets The Nation's Annual Budget, The Treasury Department Actually Manages Trillions Of Dollars Beyond That, With Millions Of Payments Flowing In And Out Of The Government’s Accounts Each Day. And Just Like An Everyday Checking Account, Cash Flow Varies: Sometimes The Government Gets A Flood Of Dollars From Tax Receipts, And Other Times It Needs To Pay The Bills. Those Dips And Surges Add Another Wrinkle To A Political Drama That Threatens To Tank The Global Economy. Click HERE To Read More.