/biz/ - Business & Finance

>>53283151
I think it is very interesting that the expected time frame for how long the "extraordinary measures" will last has already been downgraded from "September D-Day" to "maybe we can hold it off until June." I wonder if these three months that got shaved off are related to the absence of the Fed's remittance to the Treasury now that the Fed is no longer able to send its profits to the Treasury. I suppose however long before September it ends up running out will characterize exactly how bad things really are. I will be very glad to hear about it if unprecedented budgetary shortfalls in the Treasury force the issue even earlier than June.

>The Federal Reserve announced on Friday that it sent $76 billion in profits to the US Treasury last year, though those transfers stopped in September when its income turned negative and the Fed started accumulating a massive, multi-billion loss which totaled $18.8 billion by the end of the year
https://www.zerohedge.com/markets/fed-sent-76bn-treasury-2022-it-now-sending-650-million-banks-every-day-instead