Mystery: 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, June 26, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Monday.
That, according to the Treasury’s statements, makes 15 straight weeks that 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.
The Daily Treasury Statement for March 13was the first to show the federal 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 reported the debt beginning and ending each day at $18,112,975,000,000.
Table III-C on the Daily Treasury Statement for June 26 says the debt began the month of June at $18,112,975,000,000, began the day of June 26 at $18,112,975,000,000, and closed the day of June 26 at $18,112,975,000,000.
On March 13, Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders informing them that he was planning to declare a “debt issuance suspension period.”
http://cnsnews.com/news/article/terence-p-jeffrey/15-weeks-treasury-says-debt-has-been-frozen-18112975000000
