Treasury Says There is Only $88 Billion Left to Avoid a Debt Cap

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Treasury Says There is Only $88 Billion Left to Avoid a Debt Cap
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The U.S. Treasury Department said on Friday there is only $88 billion in extraordinary measures left for the government to pay its bills as of Wednesday, down from $110 billion a week earlier.

left for the government to pay its bills as of Wednesday, down from $110 billion a week earlier.

As Bloomberg noted, “The measures are a collection of various accounting gimmicks that enable the administration to keep selling debt even though it has run up against the $31.4 trillion borrowing ceiling imposed by Congress.”

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