2023-5-16 13:00 |
Quick Take
Concerns continue to build around the debt ceiling negotiations.
President Biden is insisting on an unconditional debt-ceiling increase.
This week, a meeting will occur between President Biden and congressional leaders around the concerns of the Treasury balance remaining depleted.
MacroScope states, “Revenues in April this year were 26% below the same month in 2022.”
Furthermore, “Tax revenues in the current fiscal year to April were more than
$250bn below estimates made just a few months earlier.”
The Treasury General Account sits at $155 billion and is plunging fast.
Markets are still expecting a last-minute deal, as per usual.
Treasury Balance: (Source: MacroScope)
The post Debt ceiling concerns may impact cryptocurrency market as treasury balance plunges appeared first on CryptoSlate.
Similar to Notcoin - Blum - Airdrops In 2024