Reported about 1 month ago
As the U.S. approaches the reimplementation of the federal debt limit in January 2025, experts warn that both Vice President Kamala Harris and former President Donald Trump may have to confront serious fiscal challenges, including an ongoing cash flow problem and the expiration of tax cuts. Rachel Snyderman from the Bipartisan Policy Center describes this situation as a potential 'fiscal armageddon' or 'Super Bowl of tax,' emphasizing the urgent need for effective fiscal and tax policy amid looming budget constraints.
Source: YAHOO