Treasury Has Kept Debt Frozen At Exactly $16,699,396,000,000 For Last 100 Straight Days

Cooking the books.

The Treasury Department's latest official daily accounting of the U.S. government's receipts, expenditures and borrowings–released this afternoon at 4:00 p.m.–indicates that the legally limited debt of the federal government has now been exactly $16,699,396,000,000 for 100 straight days.
The Daily Treasury Statement released today showed the status of the government's accounts as of the close of business on Friday, Aug. 23. Because the Treasury does no business over the weekend, the federal government's debt did not change on Saturday or Sunday.
The statement for Aug. 23 said the federal debt subject to the legal limit set by Congress was $16,699,396,000,000—or $25 million below the current limit of $16,699,421,000,000. Every Daily Treasury Statement since May 17 has also shown the legally limited debt at $16,699,396,000,000, or $25 million below the limit.
On May 17, Treasury Secretary Jack Lew sent House Speaker John Boehner a letter indicating that the Treasury was then hitting the legal limit on the debt and that he would begin using "extraordinary measures" to allow the government to continue borrowing money without exceeding that limit.
"In total, the extraordinary measures currently available free up approximately $260 billion in headroom under the limit, as described below," said an appendix to Lew's letter.
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Treasury Has Kept Debt Frozen At Exactly $16,699,396,000,000 For Last 100 Straight Days
http://weaselzippers.us/2013/08/26/treasury-has-kept-debt-frozen-at-exactly-16699396000000-for-last-100-straight-days/

John Hames

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