by Peter Schiff, Schiff Gold:
Similar to last month, the Treasury is using extraordinary measures to keep the total debt balance below the current debt ceiling.
The big moves this month were rolling off $150B in Non-Marketable security to allow $120B in T-Bills to be added to the debt. With all the moves, the total effect on the debt was to add only $4B.
Note: Non-Marketable consists almost entirely of debt the government owes to itself (e.g., debt owed to Social Security or public retirement)