US tax inflows hint that Treasury Department can avoid default till late July – Goldman Sachs

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With the latest tax receipt numbers from the US being impressive, Goldman Sachs (GS) raises expectations that the US Treasury Department can avoid the risk of a federal payments default until late June.

Bloomberg quotes Alec Phillips, a Goldman Sachs economist while suggesting a positive development, especially after the passage of the “Limit, Save, Grow Act” in the US House of Representatives.

Also read: White House: The President has made clear this bill has no chance of becoming law

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