Sihai network

US Treasury Secretary warns: the US government is running out of money. Why is the US government run

Original title: 'the U.S. government is running out of money, faster than expected' the U.S. Treasury Secretary warned.

"Mnuchin warned: the U.S. government will run out of money faster than expected". On the 12th, such a news made headlines on CNN.

Screenshot of CNN report

CNN said that U.S. Treasury Secretary manuchin warned on the 12th that the U.S. government was facing the risk of cash shortage and earlier than expected.

It is reported that manuchin wrote a letter to Nancy bull, speaker of the Democratic House of Representatives; Pelosi wrote in her letter that the United States may start defaulting on its debt as early as early September. In his letter, mnuchin said: "according to the latest forecast, we will run out of cash before the end of the summer recess of Congress in early September."

It is reported that the federal government has not been able to borrow money since the borrowing restrictions set by Congress came into force again in March this year. The report also said that the U.S. Treasury had said it had enough cash to maintain until the autumn, but partly due to President Trump's tax reduction policy in 2017, the Treasury is now facing a widening deficit.

CNN said Pelosi and manuchin had made three speeches this week to try to start the stalled budget and debt ceiling negotiations. Several sources said that the latest "debt" forecast may accelerate efforts to start negotiations. CNN said that manuchin and Pelosi may speak again on the 12th local time. Pelosi told CNN that she had not read manuchin's letter to Capitol Hill, but she knew it would come.

The news that "the government wants no money" was soon uploaded on social media, and American netizens began a wave of "who should be blamed" discussions.

NBC news anchor Scarborough 'picked up a rhythm' and threw the problem to 'tax cuts',' breaking the Pentagon budget 'and' welfare programs' ↓

Joe Scarborough: Well, that's what happens when you break the Pentagon budget by giving large tax cuts to the rich, and refuse to stop welfare programs leading to bankruptcy.

Under this tweet, many netizens agree with Scarborough's view & DARR;

Victor: all the money is spent on social security and medical insurance

Nikatnight: Yes, but we still have money for Trump's parade?

Greg: I guess they'll blame Obama

However, there are also many people who do not agree with the idea of 'welfare projects' & DARR;

Andrew: 'benefit program' is not a problem, Joe.

Magnifikat: 'benefit item'? Are you a Republican?

In addition, many people think of the tariff issue & DARR;

Bikoo 1999: the mainstream media ignores the real problem: foreign policy is inseparable from domestic issues, because as long as we waste trillions of dollars on the war of regime change, the new cold war and the nuclear arms race, we won't have money to spend on Americans & hellip;

Fiona: where did all that tariff money go?