US Treasury’s Cash Pile Jumps $108 Billion on Tax Day
- Coffers increased to $252.55 billion as of April 18, data show
- Uncertainty lingers about when debt-ceiling X-date will be
The US Treasury building in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Uncertainty continues to linger about whether or not the US will make it through to late summer without risking a debt-ceiling-related default after figures indicating the size of the Treasury’s tax day cash influx were somewhat lackluster.
The amount of money that the US government has on hand to pay its bills jumped just $108.47 billion on Tuesday. That could be enough to help see it through, but it may be a close run thing, according to TD Securities strategist Gennadiy Goldberg.