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Treasury: Debt Has Been Exactly $16,699,396,000,000.00 for 56 Days

Posted By admin On July 16, 2013 @ 5:24 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
July 16, 2013

According to the Daily Treasury Statement for July 12 [2], which the U.S. Treasury released this afternoon, the federal debt that is currently subject to a legal limit of $16,699,421,095,673.60 has stood at exactly $16,699,396,000,000.00 for 56 straight days.

That means that for 56 straight days the federal debt has remained approximately $25 million below the legal limit.

Even though the portion of the federal debt that is subject to a legal limit has not changed in almost two months, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it has been redeeming.

The “public debt subject to limit”–as the Treasury calls the portion of the federal debt that is legally limited by Congress–first hit $16,699,396,000,000.00 at the close of business on May 17 [3].

Full article here [1]

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URL to article: http://www.prisonplanet.com/treasury-debt-has-been-exactly-16699396000000-00-for-56-days.html

URLs in this post:

[1] CNS News: http://www.cnsnews.com/news/article/treasury-debt-has-been-exactly-1669939600000000-56-days

[2] Daily Treasury Statement for July 12: https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13071200.pdf

[3] close of business on May 17: https://fms.treas.gov/fmsweb/viewDTSFiles?dir=a&fname=13051700.pdf

[4] Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued: http://www.prisonplanet.com/fed-has-bought-more-u-s-gov%e2%80%99t-debt-this-year-than-treasury-has-issued.html

[5] The Treasury Just Put To Rest Its Position On Whether The Debt Limit Is Constitutional: http://www.prisonplanet.com/the-treasury-just-put-to-rest-its-position-on-whether-the-debt-limit-is-constitutional.html

[6] Federal Borrowing on Pace to Hit Debt Limit in Less Than Week: http://www.prisonplanet.com/federal-borrowing-on-pace-to-hit-debt-limit-in-less-than-week.html

[7] Federal Debt Tops $14 Trillion, U.S. Treasury Reports: http://www.prisonplanet.com/federal-debt-tops-14-trillion-u-s-treasury-reports.html

[8] 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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