When the current authority for borrowing starts to run out, we should be doing an operating cash balance of around 23 billion. That seems dramatically too low. In, you know, In previous years you would run the treasury would like in 2023, $600 billion cash balance. That's right. Today you're running over 900 billion. This is actually more of a mechanical, technical question. Do you need us as the Ways and Means Committee to update any statutory authorities or mechanics of what type of operating balance do you need to maximize stability? (00:58–01:09)
CLAIM
Asserts that the Treasury's cash balance has increased from $600 billion to over $900 billion.
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