Ticking Time Bomb: US Bankruptcy Looming

Will the Fed need to step in to save the US?

The US Treasury finds itself on the precipice of financial uncertainty. With over $50 billion spent in a single day this week, their assets have dwindled to a mere $87 billion. As if that wasn't enough cause for concern, debt ceiling negotiations have reached a standstill, exacerbating an already precarious situation. But the roots of this crisis run de…