On Thursday, the Treasury estimates that it will have approximately $30 billion in its account with the Federal Reserve (Fed), and it will need to pay bills from its cash on hand. I think the chance of a default is pretty close to zero. Unless it gets rid of the debt limit, any deal that is crafted will set us up to see a repeat of this crisis at whatever the next deadline is.
On Thursday, the Treasury estimates that it will have approximately $30 billion in its account with the Federal Reserve (Fed), and it will need to pay bills from its cash on hand. I think the chance of a default is pretty close to zero. Unless it gets rid of the debt limit, any deal that is crafted will set us up to see a repeat of this crisis at whatever the next deadline is.
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