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Wall Street’s Tax Collection Estimates Hint at Liquidity Drain

Summary by Bloomberg
Wall Street strategists expect last year’s financial market gains to fuel a robust tax season for the US government, potentially leading to a drawdown of liquidity just as politicians wrestle over the debt ceiling.

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Wall Street’s Tax Collection Estimates Hint at Liquidity Drain

Wall Street strategists expect last year’s financial market gains to fuel a robust tax season for the US government, potentially leading to a drawdown of liquidity just as politicians wrestle over the debt ceiling.

·United States
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Accounting TodayAccounting Today

Slow US tax collections spark angst about debt ceiling X-date

Tax collection projections are down. Refunds are up. That's a formula that could dampen U.S. government revenue and, if it persists, portend an earlier deadline for Congress to raise the debt ceiling — or risk a federal payments default.

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Accounting Today broke the news in on Monday, March 31, 2025.
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