US Treasury's cash pile at its lowest point since 2017 as debt talks continue

The US Treasury's cash pile has hit its lowest level since 2017 due to ongoing debt talks in Washington.

Negotiators are struggling to reach a deal on the statutory debt limit, which has led to the Treasury using accounting gimmicks to avoid breaching the cap.

However, these measures are being exhausted, and the Treasury has only $67 billion of the special measures left.

The government could run out of funds as early as June, with signs of progress towards a deal between Republicans and Democrats.