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Okay, so the Treasury isn’t allowed use (more) debt to get the funding it needs for the spending Congress told it to do.
How about equity?
Could the Treasury just sell off a bunch of ‘stock’ in the USA? I don’t know who would buy it, but hey.
Just a question I wanted to get out there in case that’s actually the next Big Clever Reg-Arb coming down the pipe. You heard it here first.
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