What nobody wants to discuss in this debt ceiling saga is the fact that during the beginning of the pandemic Trump combined the Federal Reserve Bank and the US Treasury together. The Federal Reserve is not a separate independent entity anymore. So when Janet Yellen says the US Treasury is expected to run out of money on June 1st that also means the Federal Reserve will be bankrupt on the same day.
McConnell looks lost and defeated… Sad.@Pouissant17 pic.twitter.com/0W8OamaQB5
— intheMatrixxx (@intheMatrixxx) May 2, 2023