Treasury runs out of money could be earlier than expected


#shorts On 4/19/2023, a reporter White House Press Secretary Karine Jean-Pierre, “It looks like tax collections may be down. That means that the date in which the — you know, the Treasury runs out of money could be earlier than expected, according to some analysts. Do you have any guidance for us on how quickly that could happen? And then —

MS. JEAN-PIERRE: So that is something, as you know, the Secretary of Treasury has spoken to, so I would refer to the U.S. Treasury on any — any — any comments on deadlines that — that relates to this.

I’m just not going to comment from here.

Reporter: Okay. And then just some more on the dollar. So yesterday, Jared Bernstein, during the confirmation hearing, said there was some evidence that China wanted to see the, you know, dollar displaced or dislodged as the world’s reserve currency. We’ve had some comments from Brazil in recent days about the dollar — the Chinese currency instead. I mean, how — how concerned are you that debt ceiling default or a U.S. default could lead to trouble with the dollar?

MS. JEAN-PIERRE: So what I can say is that we’re always monitoring development in this space …

other clips of this published longer video is here: https://youtu.be/H2tldqiPmGk
Treasury runs out of money could be earlier than expected

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