This week’s Reuters report1 is, as usual, based on the weekly update from the NY Fed’s H.4.1 table site,2 but, unusually, Reuters’ weather reporter takes the rather mild erosion in these numbers as cause for panic over the debt ceiling debate … NEW YORK, July 28 (Reuters) – Foreign central banks pared their U.S. Treasuries and agency debt holdings in advance of the Aug. 2 deadline when the U.S. government is expected to run out of cash … If Washington fails to raise the statutory $14.3 trillion debt ceiling by next Tuesday, it will likely cause the United States to…
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