Treasury Says Taxes Higher Than Last Year But X-Date Yet Unclear

Deputy Treasury Secretary Michael Faulkender said that it’s too soon to determine when the government will exhaust its capacity to make good on all its payments on schedule due to the debt limit, but that revenues are coming in higher than last year.

• “Tax day is next week. So once we hit April 15 and those automatic payments and checks that come in are processed, we will see how much the tax revenue came in,” Faulkender says in an interview with Bloomberg Television
• So far, gross receipts are coming in higher than last year, “so that seems to suggest we ...