Goldman Says Treasury Will Drop Under Its Cash Minimum June 8-9
The US Treasury building in Washington, DC.
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Goldman Sachs Group Inc. economists estimated that the Treasury Department will by June 8 or 9 see its cash levels drop below the $30 billion it’s signaled as a bare minimum for meeting federal obligations falling due.
“The estimate is subject to substantial uncertainty so there is certainly a chance that receipts could slow more than expected and leave the Treasury short of cash by June 1 or 2,” Goldman economists Alec Phillips and Tim Krupa wrote in a May 19 note to clients.