Congress Returns Next Week

The House returned for one day, Tuesday, to pass the $480B increase in the debt ceiling, the legislation then went to the White House where President Biden signed it. Treasury estimates that the new ceiling should carry the Department until early December, but calculating the cash flows of the US Government has always been difficult but with the changed patterns created by the pandemic the process is even more challenging. I have seen dates that range from December 3 to early January.

Next w...

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