Congress will have to the raise the debt ceiling in the first half of March, weeks earlier than forecast, or the federal government will run out of cash, the Congressional Budget Office said Wednesday. The CBO attributed the shortened deadline to the tax overhaul Republicans passed in late 2017, which will lower tax receipts by $10 billion to $15 billion a month starting in February.

BING NEWS:
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    The federal government moved closer to a weekend shutdown Thursday, after the House overwhelmingly voted down Speaker Mike Johnson’s new plan to extend the deadline despite support from ...
    12/18/2024 - 8:59 pm | View Link
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