The Treasury Secretary on How Unstable U.S. Government Finances Are

EPJ13

“Treasury Secretary Jack Lew made the following statement during remarks today before the Economic Club of Washington D.C.:  ‘[W]e are relying on investors from all over the world to continue to hold U.S. bonds.  Every Thursday, we roll-over approximately $100 billion in U.S. bills.  If U.S. bond holders decided that they wanted to be repaid rather than continuing to roll-over their investments, we could unexpectedly dissipate our entire cash balance.'”

http://www.economicpolicyjournal.com/2013/09/the-treasury-secretary-on-how-unstable.html

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