Fact-checkers debunked viral Facebook posts claiming the US Treasury declared government insolvency explaining the misrepresentation of an opinion piece.
Tag: insolvency claim
Post Claiming US Treasury Declared Government Insolvent Found to Be Misleading
FactCheck.org debunked the claim that the US Treasury declared insolvency explaining that while government liabilities exceed assets this has been the standard position for decades.
US Treasury Insolvency Claim Circulating on Facebook Is False and Misleading
Fact-checkers found a viral Facebook post claiming the US Treasury declared itself insolvent was based on a misreading of routine financial reporting