Wednesday, March 22, 2023

Treasury says it may not know debt ceiling deadline until after tax filing season

Treasury says it may not know debt ceiling deadline until after tax filing season

Snippet of Article: "...inquiry on how the government intends to avoid economic turmoil, a Treasury official reiterated warnings about the "catastrophic impacts" of a U.S. government debt default, but added that it’s unclear when it will need new borrowing authority. "Given historical variations and the timing of tax filings being made over the next two months, we may not have a clearer picture until sometime after the filing season regarding how long extraordinary measures and cash on hand will continue to enable Treasury to satisfy the government’s obligations..."

Source: www.foxnews.com

Debt Ceiling (Biden Refuses to Negotiate),Treasury Secretary Janet Yellen,