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150 Straight Days: Treasury Says Debt Stood Still at $16,699,396,000,000

Posted By admin On October 17, 2013 @ 5:08 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
October 17, 2013

Every business day since May 17, the U.S. Treasury has published a daily statement claiming that the federal debt subject to the limit set by Congress closed the day at $16,699,396,000,000—about $25 million below the legal limit.

Monday, the Columbus Day holiday, according to the Daily Treasury Statement released today [2], marked the 150th straight day that the Treasury has said the debt subject to limit was stuck at $16,699,396,000,000.

On May 17, the first day the debt closed the day at $16,699,396,000,000, Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner stating that since the Treasury was about to hit the debt limit he would begin to use “extraordinary measures” to prevent it from doing so. These included, among other things, suspending investment of the Civil Service Retirement and Disability Fund in U.S. Treasury securities, and redeeming securities already held by this fund.

“In total, the extraordinary measures currently available free up approximately $260 billion in headroom under the limit,” Lew wrote then.

Full article here [1]


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URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/terence-p-jeffrey/150-straight-days-treasury-says-debt-stood-still-16699396000000

[2] Daily Treasury Statement released today: https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13101500.pdf

[3] Treasury: Debt Has Been Exactly $16,699,396,000,000.00 for 56 Days: http://www.prisonplanet.com/treasury-debt-has-been-exactly-16699396000000-00-for-56-days.html

[4] Treasury Was Open for Business on 3rd Day of ‘Shutdown:’ Issued $106B in New Debt: http://www.prisonplanet.com/treasury-was-open-for-business-on-3rd-day-of-shutdown-issued-106b-in-new-debt-see-more-at-httpwww-cnsnews-comnewsarticleterence-p-jeffreytreasury-was-open-business-3rd-day-shutdown-iss.html

[5] Treasury To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy: http://www.prisonplanet.com/treasury-to-stop-funding-its-market-manipulation-fund-to-delay-us-bankruptcy.html

[6] Treasury Confirms Debt Ceiling To Be Breached Today; Will Tap Pension Funds: http://www.prisonplanet.com/treasury-confirms-debt-ceiling-to-be-breached-today-will-tap-pension-funds.html

[7] Total US Debt Hits $14.195 Trillion, $99 Billion Away From Debt Ceiling; Treasury Revises Breach Date To As Soon As April 15: http://www.prisonplanet.com/total-us-debt-hits-14-195-trillion-99-billion-away-from-debt-ceiling-treasury-revises-breach-date-to-as-soon-as-april-15.html

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