Fed will run out of money again by September

Washington’s runaway spending has the federal government running out of money, again, by early September.

“Based on updated projections, there is a scenario in which we run out of cash in early September, before Congress reconvenes,” wrote Treasury Secretary Steven Mnuchin in a letter to House Speaker Nancy Pelosi Friday, FOX News reports.

In that letter, Mnuchin requests that Congress raise the debt ceiling before it adjourns for the Summer.

The National Debt currently sits at more than $22 trillion.

Source: https://www.bloomberg.com/news/articles/2019-07-12/mnuchin-warns-pelosi-u-s-may-run-out-of-cash-in-early-september?utm_source=google&utm_medium=bd&cmpId=google