“Last month’s strong tax collections are partly a reflection of the robust expansion of the U.S. economy in 2017. This further confirms what previous indicators have shown,” said Shai Akabas, director of economic policy at the Bipartisan Policy Center.
New analysis from BPC’s economic policy team projects that this budget agreement will cause a federal government deficit of more than $1 trillion next year.
With Congress also debating an omnibus appropriations package and contentious immigration issues, even a swing of days on the “X Date” timing could make a big difference.
The U.S. Treasury Department made a series of recommendations in its recent report including highlighting opportunities for insurance regulatory reform.