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Tax day cash will indicate just how close U.S. is to default

Por: Portland Press Herald World April 17, 2023

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The question of when the U.S. could default will come into sharp relief this week when the Treasury reveals how big its tax take is likely to be. With the political battle over the statutory debt ceiling set to amp up again, the Treasury’s tax receipts will give a clearer idea of how much cash it will have on hand as it approaches the limits imposed by the $31.4 trillion cap that will prevent it from borrowing. Right now, the estimates for... + full article



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