US Treasury Nearing Bare Minimum Amid Wealth of Billionaires

The US Treasury has $38.8 billion in cash, which is nearing the bare minimum level of $30 billion.

31 billionaires, including Warren Buffett, Jeff Bezos, and Elon Musk, are worth more than the Treasury's cash.

President Biden and House Speaker McCarthy have reached a bipartisan deal to suspend the debt ceiling through January 1, 2025.

If Congress doesn't raise the debt ceiling by June 5, the Treasury Secretary warns the government may not be able to pay all obligations in full and on time.