US Treasury’s April Cash Surge Buys Time, but Debt Bomb Ticks Louder: Yellen Faces Imminent $1 Trillion-a-Season Debt Surge!

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The US Treasury grapples with dwindling cash reserves, teetering on the brink of a debt crisis as tax day’s boost fades into obscurity. With just $45 billion remaining before hitting the theoretical limit, the nation faces an imminent surge in national debt, signaling turbulent times ahead for the economy.

  • April’s tax day influx of $250 billion provided temporary relief, swelling government bank accounts to $795 billion.
  • Treasury Secretary Janet Yellen aims to maintain at least $750 billion for essential expenses but faces dwindling cash reserves.
  • With just $45 billion left before hitting the theoretical limit, the nation braces for a rapid escalation of the national debt, forecasted to surge at $1 trillion every 100 days from June onwards.
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