How tornadoes, crypto and mudslides pushed up the debt default deadline | CNN Business

Earlier this year, the Congressional Budget Office estimated that the X-date would come between July and September, but in a letter to House Speaker Kevin McCarthy this month, Treasury Secretary Janet Yellen wrote that “after reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1.” She reiterated that same timeline this week.

However, he said revenue from capital gains taxes came in even weaker than most experts anticipated. “What matters is that they didn’t come in strong enough to ensure we could get to the end of July or the beginning of August, which was the hope,” he added. Tornadoes, winter storms and mudslides pushed deadlines for millions of taxpayers Another factor that may have lowered the federal government’s tax income this year: unexpected natural disasters.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

SP Hinduja, billionaire head of Britain's richest family, dies at 87 | CNN BusinessSrichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain’s wealthiest family, has died aged 87, his daughters said on Wednesday.
منبع: cnni - 🏆 326. / 59 ادامه مطلب »

Deutsche Bank to pay $75 million to settle lawsuit by Epstein accusers | CNN BusinessDeutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking.
منبع: CNN - 🏆 4. / 95 ادامه مطلب »

BT will shed as many as 55,000 workers by 2030 | CNN BusinessBT Group is planning to slash up to 55,000 jobs in the next five to seven years as it makes greater use of technology to cut costs and simplify its business.
منبع: cnni - 🏆 326. / 59 ادامه مطلب »

Target flashes a recession warning: Shoppers are buying fewer clothes and more necessities | CNN BusinessShoppers are pulling back at Target, Home Depot and other major chains as they face pressure from higher prices and borrowing costs.
منبع: CNN - 🏆 4. / 95 ادامه مطلب »