Debt-Ceiling Brinksmanship: Treasury Will Hit Legal Limit When It Borrows $13.86 Billion More | CNSnews.com: "CNSNews.com) - As of the close of business yesterday, the U.S. Treasury was just $13.86 billion short of hitting the legal debt limit of $14,294,000,000,000.00, according to the Daily Treasury Statement released at 4:00 pm today.
In the first two business days of May, Treasury increased the debt by $44.2 billion.
The amount the Treasury borrows fluctuates from day to day and month to month, but in the first 215 days of fiscal year 2011—which began on Oct. 1, 2010—the Treasury has increased the national debt subject to the $14.294-trillion limit by a total of $769.3 billion. That equals an average of $3.58 billion in federal borrowing per day."
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