Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
U.S. Treasury says bank stability actions have not changed debt ceiling 'X-date'
© Reuters. FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo
WASHINGTON (Reuters) - The U.S. Treasury's actions to protect depositors in failed banks SVB Financial and Signature Bank (NASDAQ:SBNY) will not affect the date on which the Treasury may no longer be able to pay all U.S. obligations without a debt limit increase, a department spokesperson said on Tuesday.
Asked whether a record $40 billion draw by the Federal Deposit Insurance Corp from the Treasury General Account on Friday could bring the so-called "X-date" closer, the spokesperson said in an emailed statement to Reuters: "The actions we have taken to protect depositors and the stability of the banking system have not affected the X-date for the debt limit.”
The Treasury has not revised its forecast that it will be able to pay U.S. obligations at least through early June, despite predictions from the Congressional Budget Office and private forecasters that Treasury's cash balances and extraordinary cash management measures may last until September without action by Congress to raise the debt ceiling.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.