The US Treasury on Friday was forced to enact ‘emergency measures’ after spending its borrowed time and money. By month’s end, Uncle Sam’s piggy bank will be down to just $50 billion, US Treasury Secretary Jacob Lew warned Congress.
By now, hand-wringing warnings that the US Treasury is about to go bust brings to mind the story of the little boy who cried wolf so many times that everybody eventually ignored him – much to his tragic demise. Continue reading “Home / USA / US Treasury introduces ‘extraordinary measures’ as Feb. 27 debt deadline looms”

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