The Fed Just Gave The Treasury A Record $19 Billion Holiday Bonus

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Something surprising emerged in the latest Daily Treasury Statement report showing the sources and uses of operating cash of the US Treasury: the line item for Federal Reserve Earnings exploded to $19.3 billion on December 28, doubling the amount of cash the Fed had remitted to the Treasury for all of 2015.

This post was published at Zero Hedge on 12/30/2015.