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Politico | Harry Reid, Jack Lew differ on debt limit timing
Treasury Secretary Jack Lew said Thursday that Congress should raise the debt limit by the end of February and not wait until early March to avoid any complications arising from the flow of revenue into the government’s coffers due to tax-filing season.
Bloomberg | Shrinking U.S. Budget Deficit Is ‘Credit Positive,’ Moody’s Says
The Treasury’s bookkeeping “indicates that the federal deficit is falling more quickly than the government expected, a credit positive development,” Steven Hess, Moody’s New York-based lead sovereign analyst for the U.S., wrote today in a report. “Because GDP growth has been accelerating, the deficit as a percent of GDP is likely to be declining even more quickly.”
