The amount of money the U.S. government has to pay its bills plunged to the lowest it's been since 2017, posing a risk that the administration will run out of funds in early June if the statutory debt limit isn't raised or suspended before then.
The Treasury's cash balance fell to just $37.4 billion on Tuesday, according to data published Wednesday. That more than reverses the previous day's bounceback, which saw it jump to $54.5 billion, and takes the Treasury coffers below the half-decade low of $38.8 billion reached on Friday. The Treasury's bank account has been under downward pressure recently because of measures being taken to avoid breaching the $31.4 trillion debt cap.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.