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
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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