Submitted by IWB, on September 17th, 2015
Is the us government broke and nobody is lending money to the US government?
175 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000
(CNSNews.com) – The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, Sept. 4, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday.
That, according to the Treasury’s statements, makes 175 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.
On July 30, Treasury Secretary Jacob Lewsent a letter to the leaders of Congresssaying he was extending a “debt issuance suspension period” through October 30.
That means the Treasury believes it can continue for at least the next seven weeks to issue Daily Treasury Statements that show the federal debt subject to the limit beginning and ending each day frozen just below that limit.
The Daily Treasury Statement for March 13 was the first to show the debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.
Every Daily Treasury Statement since Monday, March 16, has also reported the debt beginning and ending each day at $18,112,975,000,000.
Table III-C on the Daily Treasury Statement for Sept. 4 says the debt began the month of September at $18,112,975,000,000, began the day of Sept. 4 at $18,112,975,000,000, and closed the day of Sept. 4 at $18,112,975,000,000.
China’s holdings of U.S. Treasuries declined during the month to $1.240 trillion, the smallest since February 2015. In June, China had $1.271 …
China Dumps Record $120 Billion In US Treasurys In Two Month Via Belgium
Those who have been following the saga of “Belgium’s” US Treasury holdings learned last month that the “mysterious buyer”behind Belgium’s Euroclear was, as some speculated, China all along. Nowhere was this more evident than when showing an overlay of China and Belgium’s combined TSY holdings versus China’s forex reserves.
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