billion of cash on hand. more cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won t have the money to pay the next day s bills. part of what s complicated here, right, is that these payments, the money coming in and the money going out is lu lumpy. you might get a big bunch of money one day and have a bunch of payments the next day and it s the unpredictability that makes it so harrowing, right? yes, but i mentioned october 23rd for a reason, because there s a social security payment that goes out that day and i mentioned october 31st and november 1st, because there s an interest payment on the debt and social security and medicare payments that go out that day, so we know the day of some big amounts that have to go out. what do you think of the whole prioritization of payments? you work in treasury, you know your way around ledgers and numbers. what do you think about this idea?
more cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won t have the money to pay the next day s bills. part of what s complicated here, right, is that these payments, the money coming in and the money going out is lumpy. you might get a big bunch of money one day and have a bunch of payments the next day and it s the unpredictability that makes it so harrowing, right? yes, but i mentioned october 23rd for a reason, because there s a social security payment that goes out that day and i mentioned october 31st and november 1st, because there s an interest payment on the debt and social security and medicare payments that go out that day, so we know the day of some big amounts that have to go out. what do you think of the whole prioritization of payments? you work in treasury, you know your way around ledgers and numbers. what do you think about this idea? i think it s generally lu
i think the first thing to know is wednesday s a very important day. it s the last day that they can borrow using these so-called extraordinary measures, but it s not the day that we actually default. treasury will have about $30 billion of cash on hand. more cash comes in every day. as you point out, cash goes out every day. and probably somewhere between october 23rd and november 1st is when we literally won t have the money to pay the next day s bills. part of what s complicated here, right, is that these payments, the money coming in and the money going out is lumpy. you might get a whole big bunch of money one day and then have a bunch of payments the next day and it s the unpredictability that makes it so harrowing, right? yes, but i mentioned october 23rd for a reason, because there s a social security payment that goes out that day and i mentioned october 31st and november 1st for a reason, because there s an interest payment on the debt and social security and medicare p