The Fed's T-6 Weeks on the Debt Ceiling

The TTA is already getting pretty low the Treasury general account and so basically what the way this all works is they've already started taking extraordinary measures. It's like if you've lost your income source and you can't tap into credit card you have to start drawing down your existing cash balances in order to pay your liabilities. I think essentially that is a huge catalyst to be aware of because ironically it's not necessarily the debt ceiling to focus on but what happens right after it.