A Reckless Game of Chicken by the Biden Administration Comes Into Focus in Treasury’s Latest Numbers
Government’s key bank account is now down to $49 billion — a tiny fraction of what it was a year ago and of annual outlays.
The latest numbers on the cash position of the United States suggests that the Biden administration and Treasury Secretary Yellen have been playing a reckless game of chicken with the Congress — while President Biden refuses to accept cuts in spending even as the Treasury’s cash holding has plunged to a shockingly low number.
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