Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
Seems like the Treasury cash account might run out sooner than Yellen originally modeled amid this debt ceiling impasse.

Here in tax season, rather few people have 2022 capital gains taxes to pay.

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jasperc2011 · 182w
Only the dirty oil companies made me money last year. Gotta love ‘em!
gsovereignty · 182w
Woops
nostrich · 182w
Don't worry, it's transitory.
jared · 182w
Almost like the IRS new they’d need more agents to focus more on the earned income from us working stiffs
Diego Valley · 182w
‘How the treasury went broke’- Lyn Alden
David Rassiner · 182w
Tax receipts will be lower than expected this year since IRS extended due date of payments for most CA residents until Oct 15th NY residents have been extended until May 15th That’s two major state economies right there
dpc · 182w
Taxpayers have to pay estimated taxes ahead of time anyway, no? Lots of people are getting tax returns in April/May. So it's not like treasury can hope for some extra taxes *now*.
Random Guy · 182w
Silly question Lyn, if the FED is running negative, where does the money come from to pay JP's salary, etc? Do they "borrow it" from themselves and add the negative liability to their balance sheet? Isn't that QE then?
Tatsuya · 182w
Brrrrrr #[0]