by Jane Richey | Aug 27, 2013 | Fiscal Responsibility
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...
by Jane Richey | Jul 30, 2013 | Fiscal Responsibility
According to the Daily Treasury Statement for July 26, which the Treasury released this afternoon, the federal debt has been stuck at exactly $16,699,396,000,000.00 for 70 straight days. That is approximately $25 million below the legal limit of $16,699,421,095,673.60...
by Jane Richey | Jul 19, 2013 | Politics
The Treasury inspector general (IG) who outlined the IRS’s targeting of conservative groups aggressively defended his office from Democratic attacks on Thursday, saying he had never seen an independent auditor treated that way. Democrats at a House Oversight hearing...
by Jane Richey | Jun 18, 2013 | Fiscal Responsibility, Politics
Thanks to a large draw down in the federal government’s cash on hand and to the “extraordinary measures” that the Treasury is currently taking to avoid surpassing the legal limit on the federal debt, the federal deficit and the federal debt actually went in...
by Jane Richey | Jan 13, 2013 | Fiscal Responsibility, Politics
The Obama administration said on Saturday that it will not mint a trillion-dollar platinum coin to sidestep the debt ceiling. “Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of...
