What happened to hitting the debt ceiling? After looking at the Jan ‘25 treasury outlays I see the following:

-$129B budget deficit

I would assume either the TGA would need to decrease by that amount or total debt outstanding increase by that amount to cover this shortfall but…

-Total debt only increased by $2B from 12/31 to 1/31

-TGA balance actually increased from $719B to $784B from 12/31 to 1/31

What am I missing?

#asknostr

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