Is your tax extension and the U.S. debt crisis related? Marc Sandalow writes about the unlikely connection as a key default deadline looms.
Blame California’s wet winter if next week arrives without a debt ceiling agreement and the U.S. is unable to pay its bills.
Of course, the federal government could have made thousands of other decisions with a similar effect.Some of these solutions — each of which are worth roughly $100 billion — may seem a lot more palatable than others. Ex // Top Stories UCSF study on wildfire exposure when pregnant invites new questions A study out of UCSF has linked wildfire smoke exposure to a high birth rate, in contrast to findings from prior studies
In broad terms, the U.S. spends $17 billion a day and takes in $13.5 billion in revenue. The difference is typically covered by loans. But borrowing is not an option because the debt limit has been reached.
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