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31 Billionaires are Worth More than the US Treasury


31 billionaires are worth more than the US Treasury has in cash By Matt Egan, CNN Published 1:34 PM EDT, Mon May 29, 2023 New York (CNN) — Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling. As of the close of business on May 25, Treasury had just $38.8 billion in cash, according to the latest federal data. That’s down from more than $200 billion earlier this month and nearing the bare minimum level of $30 billion. For context, 31 billionaires are each worth more than the federal government’s $38.8 billion…

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