 | See the table I posted. Can someone explain the mechanism of this immediate 1-day increase of $365bn ? I understand the ~$190bn+ of public auctions, but I'm curious where the $165bn of "intergovernmental debt" comes from. So during the old federal debt ceiling, was it just other arms of the Federal Government borrowing money rather than the Treasury and then once the ceiling was raised the Treasury absorbed them onto its own balance sheet? Feels like a house of cards... [link] [comments] |
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