Wednesday, February 02, 2022 00:49:58 UTC
With government expenditure and borrowing continuing to rise, the latest Treasury Department data shows the United States national debt has reached $30 trillion.
The new record is for the entire outstanding debt of the federal government, which includes $23.487 trillion in public debt and an additional $6.525 trillion in intra-government debt, such as federal trust funds and other account.
A $5 trillion borrowing spree for pandemic relief was well underway before the coronavirus spurred an increase in Congress' spending at a regular pace.(More)
#spx #irs #treasurydepartment #debt #spending #pandemic #federal #trust #funds #covid
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Friday, December 10, 2021 13:16:17 UTC
The U.S. Senate passed and sent to President Biden the first of two bills required to raise the $28.9 trillion debt limit and avoid default.
The federal debt is the amount of money the government currently owes for spending on payments such as Social Security, Medicare, military salaries and tax refunds.
The debt limit allows the government to finance those existing obligations.
Treasury Secretary Janet Yellen has said failing to act could spark an "economic catastrophe," but not all politicians agree.(More)
SENATE PAVING WAY FOR DEBT LIMIT HIKE
Friday, December 10, 2021 13:16:17 UTC
The U.S. Senate passed and sent to President Biden the first of two bills required to raise the $28.9 trillion debt limit and avoid default.
The federal debt is the amount of money the government currently owes for spending on payments such as Social Security, Medicare, military salaries and tax refunds.
The debt limit allows the government to finance those existing obligations.
Treasury Secretary Janet Yellen has said failing to act could spark an "economic catastrophe," but not all politicians agree.
#janetyellen #joebiden #debtlimit #socialsecurity #medicare #taxrefund
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A massive options trade may be the culprit for the S&P dump just before market close Thursday afternoon.
The trade at 11:00 a.m. was a huge collar options trade involving the sale of around 44,000 June calls and the purchase of an equal number of June put spreads, which would pay out if the S&P 500 fell more than 5% from its current level.
The trade also included the sale of around 24,800 calls tied to the S&P 500's 4,300 level, which were due to expire at the end of Thursday's trading session as a strategy to protect against any severe market moves during the trading day.
A collar is a type of options hedging strategy that combines puts and calls.(More)
WHAT HAPPENED LAST NIGHT?
N/A
A massive options trade may be the culprit for the S&P dump just before market close Thursday afternoon.
The trade at 11:00 a.m. was a huge collar options trade involving the sale of around 44,000 June calls and the purchase of an equal number of June put spreads, which would pay out if the S&P 500 fell more than 5% from its current level.
The trade also included the sale of around 24,800 calls tied to the S&P 500's 4,300 level, which were due to expire at the end of Thursday's trading session as a strategy to protect against any severe market moves during the trading day.
A collar is a type of options hedging strategy that combines puts and calls.
#spx #dow #aapl #spy #irs #treasurydepartment #debt #spending #pandemic #federal #trust #fu