Ceiling
Yellen Warns Treasury To Run Out Of Cash As Soon As June 1 Absent Debt Ceiling Deal
https://t.co/Ia7WZEdpde
Biden has asked McCarthy to meet.
https://t.co/VYiij8RHH3
Yellen Warns Treasury To Run Out Of Cash As Soon As June 1 Absent Debt Ceiling Deal
https://t.co/Ia7WZEdpde
Biden has asked McCarthy to meet.
https://t.co/VYiij8RHH3
Tick Tick Tick
As I said in my post Sat. morning it was unlikely the report of better than expected tax receipts would be true. I didn’t state the obvious reasons why tax receipts would be lower than expected. 1)Despite all the administrations fudged economic stats the economy is weaker than a year ago so people, especially corporations are paying less in taxes despite higher inflation.2) More importantly, last year was a big down year for stocks so the level of capital gains taxes compared to the year before had to be much much lower.