Photo: People walk past the U.S. Treasury Department in Washington, D.C., on January 18. (Photo by Anna Moneymaker/Getty Images) People walk past the U.S. Treasury Department in Washington, D.C., on January 18. (Photo by Anna Moneymaker/Getty Images)

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.

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