Billionaires' wealth surpasses US Treasury's cash balance during debt crisis.
TL;DR Summary
The US Treasury's cash balance has been dropping as lawmakers negotiate to raise the debt ceiling before it is reached, potentially as soon as June 5. The Bloomberg Billionaire Index lists 24 individuals as having a higher net worth than the amount of money that the Treasury currently has, including Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg. The Treasury's cash balance fell to $49.473 billion on Wednesday, a drop from about the $76.5 billion that it had at the close of Tuesday.
- These billionaires have more money than the US Treasury right now WOODTV.com
- US Treasury Cash Pile Drops to Lowest Since 2017 Bloomberg Television
- Billionaires Worth More Than the United States’ Cash Balance The New York Times
- Treasury Cash Pile Hits Lowest Level Since 2017 as Debt Talks Drag On Bloomberg
- US Treasury's cash pile falls to 6-year low amid debt ceiling crisis Inshorts
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