Republicans pass bill to avert US debt crisis, slash spending https://ift.tt/OGmhzHY government is expecting to hit the debt ceiling within weeks, raising the possibility of the world's largest economy defaulting on repayments and igniting a firestorm in global markets.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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