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Yo, they just had 0b in their account at the Fed and they can put IOUs in the FERS for a couple hundred $B… there is no hurry… they can spend their account down to zero in several months… and they don’t need some stupid “coin!” …. they can take the rest of the summer off and worry about this in the fall…Secretary Janet Yellen said the Treasury Department will begin special steps to avoid breaching the U.S. debt limit, while urging lawmakers to act “as soon as possible” https://t.co/NI5U7M905m— Bloomberg Markets (@markets) July 23, 2021
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Yo, they just had 0b in their account at the Fed and they can put IOUs in the FERS for a couple hundred $B… there is no hurry… they can spend their account down to zero in several months… and they don’t need some stupid “coin!” …. they can take the rest of the summer off and worry about this in the fall…Secretary Janet Yellen said the Treasury Department will begin special steps to avoid breaching the U.S. debt limit, while urging lawmakers to act “as soon as possible” https://t.co/NI5U7M905m— Bloomberg Markets (@markets) July 23, 2021
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Mike Norman considers the following as important:
This could be interesting, too:
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Yo, they just had $700b in their account at the Fed and they can put IOUs in the FERS for a couple hundred $B… there is no hurry… they can spend their account down to zero in several months… and they don’t need some stupid “coin!” …. they can take the rest of the summer off and worry about this in the fall…
Secretary Janet Yellen said the Treasury Department will begin special steps to avoid breaching the U.S. debt limit, while urging lawmakers to act “as soon as possible” https://t.co/NI5U7M905m
— Bloomberg Markets (@markets) July 23, 2021