But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit. Well, but where I was going with that is There's an analysis that the statutory authority actually requires you to go down to 23 billion. And that may be one of your legal team saying, okay, you have the authority to ignore that interpretation of the statute. So, look, this is not a gotcha question. (02:38–02:47)
CLAIM
Asserts that statutory authority requires the Treasury to reduce its cash balance to $23 billion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
