SimplyFocused on Nostr: What happened to hitting the debt ceiling? After looking at the Jan ‘25 treasury ...
What happened to hitting the debt ceiling? After looking at the Jan ‘25 treasury outlays I see the following:
-$129B budget deficit
I would assume either the TGA would need to decrease by that amount or total debt outstanding increase by that amount to cover this shortfall but…
-Total debt only increased by $2B from 12/31 to 1/31
-TGA balance actually increased from $719B to $784B from 12/31 to 1/31
What am I missing?
#asknostr
LynAlden (nprofile…szx8) MartyBent (nprofile…zslp) preston (nprofile…0wa2) lukegromen (nprofile…c5v9)
-$129B budget deficit
I would assume either the TGA would need to decrease by that amount or total debt outstanding increase by that amount to cover this shortfall but…
-Total debt only increased by $2B from 12/31 to 1/31
-TGA balance actually increased from $719B to $784B from 12/31 to 1/31
What am I missing?
#asknostr
LynAlden (nprofile…szx8) MartyBent (nprofile…zslp) preston (nprofile…0wa2) lukegromen (nprofile…c5v9)