Treasury Department burning through cash as debt ceiling approaches

By Pete Kasperowicz

Published March 4, 2017 3:40am ET

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Treasury Department burning through cash as debt ceiling approaches — The Treasury Department has been rapidly spending its large cash reserves ever since President Trump took office. (AP Photo/J. David Ake, File) | J. David Ake

The Treasury Department has been rapidly spending its large cash reserves ever since President Trump took office, a move that complies with federal law, but could also make it harder for the government to stay under the debt ceiling once the limit kicks in again later this month.

On Jan. 20, the day Trump took office, the federal government had $382 billion in cash on hand. As of Thursday, that was down to about $109 billion.

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Debt Ceiling Minusextra National Debt Pete Kasperowicz Treasury Department