Sven Henrich: ‘Imagine you’re $32,000 in debt and have only $87 left in your bank account. That’s the US government right now. But you got a AAA credit rating.’

https://twitter.com/NorthmanTrader/status/1658866041106178048

"How much is too much? You're sitting at an almost $32 trillion debt. Your debt is now larger than your economy," Speaker McCarthy has said. "We cannot ignore this problem. We have to put a trajectory that we're actually curbing the spending level." pic.twitter.com/57OYcFzSRk

— unusual_whales (@unusual_whales) May 18, 2023

The US Treasury cash balance is getting very low.

Meanwhile, CNBC says the debt ceiling negotiations are "inching forward"

But Biden and McCarthy just said they're optimistic a deal will be struck. pic.twitter.com/eOhkkMG8vI

— Genevieve Roch-Decter, CFA (@GRDecter) May 17, 2023