The U.S. Treasury is running out of cash

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 26 May 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everyone has bills to pay, and the Treasury Department is no exception. As we get closer to the debt ceiling “X date,” the Treasury finds itself with less and less money to pay for its existing obligations. We talk about how much cash Secretary Janet Yellen has to work with, and the government’s plan to prevent a potential default. And, Tina Turner’s legacy goes beyond rousing music. Plus, in the Make Me Smile department, a discussion on cruises, family vacations and space travel!

Here’s everything we talked about today:

“Orders surge for trans designer after Target pulls products” from Reuters

“Tina Turner Was Open About Her Abuse. Now Her Legacy Is Saving Survivors” from Rolling Stone

“Biden Administration Dusts Off Contingency Plan if Debt-Ceiling Deadline Passes” from The Wall Street Journal

“US Credit Rating at Risk of Fitch Cut on Debt-Limit Impasse” from Bloomberg

“Credit rating agency warns it may downgrade US debt rating, driving up costs” from CNN

Tweet from @kaileyleinz on the Treasury cash balance drop

“Half-Empty a Year Ago, Cruises Are Now Packed Like Sardines” from The Wall Street Journal

“Cruising Is Back in a Major Way” from Travel + Leisure

“I Won’t Be Going on Any Cruise Ship With Millennials” from The Wall Street Journal

“Hibernation artificially triggered in potential space travel breakthrough” from The Guardian

“James Cameron Working on New Terminator Movie, Wants to See How AI Affects the Real World” from MovieWeb

There are only two more days for our May fundraiser. We can’t do this without your support!

Transcript

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	...

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