by I don’t see it… they are supposed to have the TGA down to 450b area by end July and the deficit has been running about 150b to 200b per month… so they should be able to last 2 to 3 months till the TGA is zeroed… seems like rather Sept/Oct timeframe… which would coincide with regular order for a budget reconciliation… unless there is an unforeseen fiscal increase then looks like extraordinary measures for a few months then a resuspension of the ceiling via reconciliation of FY22 budget with TGA near zero… i.e. the usual brinkmanship…Treasury Secretary Janet Yellen said the U.S. could run out of room to keep paying the government’s bills in full and on time in August unless Congress raises or suspends the debt ceiling https://t.co/diIVBerpRK— Real Time Economics (@WSJecon) June 26, 2021
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)
Mike Norman writes Corporate buybacks
Mike Norman writes Month end settlements
Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients
I don’t see it… they are supposed to have the TGA down to 450b area by end July and the deficit has been running about 150b to 200b per month… so they should be able to last 2 to 3 months till the TGA is zeroed… seems like rather Sept/Oct timeframe… which would coincide with regular order for a budget reconciliation… unless there is an unforeseen fiscal increase then looks like extraordinary measures for a few months then a resuspension of the ceiling via reconciliation of FY22 budget with TGA near zero… i.e. the usual brinkmanship…
Treasury Secretary Janet Yellen said the U.S. could run out of room to keep paying the government’s bills in full and on time in August unless Congress raises or suspends the debt ceiling https://t.co/diIVBerpRK
— Real Time Economics (@WSJecon) June 26, 2021