“The situation is so desperate, that the debt level has been sitting $25 million below that level for a full 70 days.”
In other words, Barrry blew past the debt limit 2 months ago and his minions just stopped counting
and where is John Boehner and the US Congress while the usurper ignores Congress and continues spending with no legal controlling authority? Why, it’s vacation time!
I don’t think the debt level was exceeded.
Believe it or don’t, but the Treasurer has been living with in his means. He has raised cash from non borrowing internal sources to carry on.
I heard a report, on Cavuto I think, where Fanniemae repaid a large debt to the Treasury that helped his effort to raise cash.
He is forced to do what all of us in small business do, scrounge cash to meet the payroll