🚨 The Treasury Department plans to issue up to $700 billion in T-bills within weeks of lifting the debt ceiling. This could have huge implications for the economy 🧵: The Treasury Department hopes that issuing this huge amount will replenish the government's cash balance, but it would likely have major implications for market liquidity.

The US 🇺🇸 is dangerously close to the debt ceiling deadline, and the repercussions could be catastrophic, affecting everything from student loans to mortgage payments. 🧵 Defaulting on the national debt would have huge domestic & international ripple effects, but even the uncertainty leading up to the deadline could trigger a downfall. We've seen this before in the 2011 debt ceiling debate.

🚨Big news for the #crypto world: The G7 nations are planning to establish global regulatory standards for cryptocurrency 🌎🤝 Here's what you need to know 🧵: The G7 countries (Japan, Britain, Canada, France, Germany, Italy, the United States, and the European Union) are set to meet in May 2023 to discuss crypto regulation.

🚨 Banks are borrowing from the Fed at historic levels approaching the 2008 financial crisis. 🚨 Here's a thread on what's happening 🧵: In the past week, banks borrowed $110.3 billion from the primary lending window, highlighting how they have been bracing for potential runs on deposits in the aftermath of #SVB and #SignatureBank collapses.