{"id":1944909,"date":"2023-06-06T00:08:02","date_gmt":"2023-06-06T04:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-treasury-can-meet-all-obligations-after-debt-ceiling-suspension\/"},"modified":"2023-06-06T00:09:23","modified_gmt":"2023-06-06T04:09:23","slug":"us-treasury-can-meet-all-obligations-after-debt-ceiling-suspension","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-treasury-can-meet-all-obligations-after-debt-ceiling-suspension\/","title":{"rendered":"US Treasury can fulfill all obligations post debt ceiling suspension."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-treasury-can-meet-all-obligations-after-debt-ceiling-suspension%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1944909&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>U.S. Treasury Avoids Default with Debt Ceiling Suspension<\/h2>\n<div class=\"post_content\">\n<div class=\"aplayer_app\" data-source=\"https:\/\/vs1.youmaker.com\/assets\/2023\/0606\/a8a19603-6949-4806-a147-b8451aa391b1\/audio.mp3?length=1402029&#038;duration=117\"><\/div>\n<p>The U.S. Treasury has avoided a potential default on its payment obligations after Congress suspended the debt ceiling. This comes after earlier warnings that the Treasury would run short of funds on Monday if Congress failed to act.<\/p>\n<blockquote>\n<p>\u201cNow that Congress has acted to suspend the debt limit, Treasury has the tools needed to ensure that the U.S. continues to meet all of our obligations,\u201d<\/p>\n<footer>Treasury spokesperson Christopher Hayden<\/footer>\n<\/blockquote>\n<p>Treasury Secretary Janet Yellen had warned Congress that without a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-calls-on-congress-to-move-forward-on-raising-debt-ceiling\/\" title=\"Biden Calls On Congress To \u2018Move Forward\u2019 On Raising Debt Ceiling\">debt ceiling increase<\/a>, Treasury would be unable to make an estimated $92 billion in payments and transfers this week, including a $36 billion adjustment to the Social Security and Medicare trust funds.<\/p>\n<h3>Treasury Takes Action<\/h3>\n<p>To address the potential shortfall, the Treasury auctioned $15 billion worth of one-day cash management bills that settled on Monday and mature on Tuesday.<\/p>\n<h3>Relief After Debt Ceiling Suspension<\/h3>\n<p>After President Joe Biden signed the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mitch-mcconnell-pushing-filibuster-carveout-for-debt-ceiling-to-protect-his-ego\/\" title=\"Mitch McConnell Pushing Filibuster Carveout for Debt Ceiling to Protect His 'Ego'\">debt ceiling legislation<\/a> on Saturday, the Treasury can now breathe a sigh of relief and continue to meet its payment obligations.<\/p>\n<ul>\n<li>No default on payment obligations<\/li>\n<li>Treasury has tools to meet obligations<\/li>\n<li>$92 billion in payments and transfers avoided<\/li>\n<li>$15 billion in one<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-treasury-can-meet-all-obligations-after-debt-ceiling-suspension\/\" title=\"US Treasury can fulfill all obligations post <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congress-misses-debt-ceiling-deadline-treasury-starts-extraordinary-cash-saving-measures-to-prevent-debt-default\/\" title=\"Congress Misses Debt Ceiling Deadline, Treasury Starts \u2018Extraordinary\u2019 Cash Saving Measures To Prevent Debt Default\">debt ceiling suspension<\/a>.&#8221;>-day cash management bills auctioned<\/a><\/li>\n<li>Debt ceiling suspension signed by President Biden<\/li>\n<\/ul>\n<p>Overall, the debt ceiling suspension has provided a much-needed lifeline for the Treasury and the U.S. government.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Treasury can meet payment obligations after debt ceiling suspension. Congress acted just in time to prevent a shortfall of funds on Monday.<\/p>\n","protected":false},"author":66,"featured_media":1944910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[10142,5487,21268,20287,4899,7326,3778],"class_list":["post-1944909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-ceiling","tag-debt","tag-fulfill","tag-obligations","tag-post","tag-suspension","tag-treasury"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1944909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1944909"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1944909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1944910"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1944909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1944909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1944909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}