Mr. Jahncke is president of the Townsend Group International, LLC.
Government’s key bank account is now down to $49 billion — a tiny fraction of what it was a year ago and of annual outlays.
And tax receipts have been coming in below expectations, while outlays are up.
Treasury may have promised ‘extraordinary measures,’ but cash in its general account fell below $100 billion earlier this month.
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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