FINANCIAL TIMES: The US will not have to raise the federal debt ceiling until September, said Treasury secretary Jack Lew on Friday, in another sign of how the resurgence of tax revenues is changing the politics of US deficits…
Big payments expected from mortgage agencies Fannie Mae and Freddie Mac, plus the upward trend in revenues and downward path of spending, mean those measures will work for longer than previously expected.
The new date pushes the debt ceiling deadline closer to the cut-off for passing a new spending bill at the end of September. That increases the chances that they become one high-stakes negotiation with the simultaneous threat of both a government shutdown and a default… (more)
