US Treasury Cash Balance Reaches $1 Trillion as Tax Inflows Fade
The US Treasury's cash balance rose to about $1 trillion, the first time it has reached that level since April 2021, after roughly $300 billion in tax inflows over the past three weeks.
The increase appears to reflect a seasonal lift from tax receipts. As those inflows slow, the cash balance may begin to decline again, renewing pressure tied to the unresolved debt ceiling.
From the sources (2 posts)
@novacraftxUS Treasury cash balance hit $1 trillion for the first time since April 2021 — $300 billion in tax inflows over three weeks. Once receipts slow, the drawdown resumes against an unresolved debt ceiling. The flush reading is seasonal. The pr
@cointelegraph🚨 HUGE: The US government's cash balance has hit ~$1 trillion for the first time since April 2021, surging $300 billion in just three weeks. But the debt crisis is set to reaccelerate as tax season inflows slow down.