[The U.S. Treasury General Account Balance Rises to Approximately $1 Trillion, Reaching a New High Since April 2021] According to a report by Jinse Finance, as disclosed by The Kobeissi Letter, the U.S. government's cash balance continues to climb: the U.S. Treasury General Account (TGA) balance has risen to approximately $1 trillion, marking a new high since April 2021. The TGA is the primary checking account the U.S. government holds with the Federal Reserve, used for storing and disbursing federal funds. Over the past three weeks, the TGA balance has increased by $300 billion. This surge in balance is primarily driven by the spring tax season, during which U.S. residents and businesses concentrate their annual tax payments in the weeks leading up to April 15. As a result, the U.S. Treasury reduced its short-term Treasury issuance by $35 billion last week compared to March, briefly causing the total U.S. federal debt to dip below $39 trillion. However, as the inflow of fiscal funds into the TGA slows in the coming weeks, the issuance of short-term Treasury securities is expected to ramp up again. The momentum of U.S. debt expansion may accelerate once more.