“That, in combination with less-than-expected receipts through April, means that the Treasury’s extraordinary measures will be exhausted sooner than we previously projected,” CBO DirectorThe X-date is typically not a specific date — it’s a time range. That’s because it reflects not just the money coming into the government, but the cash that goes out.
The CBO, Moody’s Analytics and the private Bipartisan Policy Center all try to calculate the time frame for potential default using data on government cash flows and changes in debt. But even their leaders say that no one knows exactly when the X-date could arrive.Mark Zandi, chief economist of Moody’s Analytics, said Thursday at aThe closer the nation gets to potential default, the more perilous the nation’s financial standing and the more accurate X-date forecasts become, economists say.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Very Best Flush-Mounted Ceiling LightsNo boob lights anywhere.
Source: NYMag - 🏆 111. / 63 Read more »
WTTW News Explains: What Happens After You Flush?Every time you flush, the waste disappears in a swirly whirl, never to be seen again. It’s magic! Actually, it’s science and engineering. And the flush is just the start. Let’s follow that flush!
Source: wttw - 🏆 520. / 51 Read more »
Watchdog: IRS Has Spent $10 Million on Firearms, Ammunition Since 2020The IRS has spent $10 million on firearms, ammunition, and “military-style gear” since 2020, the New York Post said on May 2, citing an Open the Books report.
Source: BreitbartNews - 🏆 610. / 51 Read more »
IRS has spent $10 million on ‘weaponry and gear’ since start of coronavirus pandemic, report saysA new report from an organization that describes itself as a “government watchdog' found that the IRS is stockpiling weapons, ammunition, and other gear.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Disinformation Inc: Conservative blacklist network accused in IRS complaint of violating lawEXCLUSIVE — A pair of U.S. nonprofit groups tied to the Global Disinformation Index, a British entity covertly blacklisting conservative media, are being slapped with an IRS complaint for allegedly violating federal law.
Source: dcexaminer - 🏆 6. / 94 Read more »
IRS touts Biden's legislation for 'Small Business Week' despite concerns law will hurt small businessesThe IRS took the occasion of National Small Business Week to tout the Inflation Reduction Act, which critics argue will allow the same IRS to target small businesses.
Source: FoxNews - 🏆 9. / 87 Read more »