Fortune Media reports that the U.S. Internal Revenue Service (IRS) is projected to collect $500 billion in cash by the critical “X-date,” the deadline for the federal government to avoid default due to the debt ceiling. This substantial cash influx is anticipated to be pivotal in mitigating the risk of a default. Fortune Media IP Limited emphasizes that the adherence to its terms of use and privacy policies is required when using their site. The trademark, FORTUNE, is legally recognized in the United States and other countries. The publication notes that compensation might be received for some affiliated product and service links featured on their platform, with such offers subject to possible changes without prior notice.
IRS May Collect $500 Billion Less Amid Looming Debt-Ceiling Cash Crunch
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