What’s in the debt ceiling deal? Reuters offers a summary of the provisions currently under consideration in Congress. • Concerns are rising about a high-tech bubble. CNBC covers the predictions of an A.I.-fueled boom from economist Jeremy Siegel. • Are you 65 or older? There are 8 things you need to know about taxes, as David Rae explains for Forbes.
What’s In The Debt Ceiling Deal Struck By Biden And McCarthy? — The deal would suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, allowing the U.S. government to pay its bills. In exchange, non-defense discretionary spending would be “roughly flat” at current year levels in 2024, “when factoring in agreed-upon appropriations adjustments,” according to White House officials. Read more…
Wharton’s Jeremy Siegel Predicts Big Tech Boom Fueled By A.I. — An explosion in A.I. demand has seen investors piling into A.I. stocks and sparked concerns of a bubble. “It’s not a bubble yet,” said Siegel, Russell E. Palmer professor of finance at the Wharton School at The University of Pennsylvania. Read more…
8 Things About Taxes You Need To Know When You Reach Age 65 — Tax planning doesn’t necessarily get easier as you age. There are times when taxes get more complicated as you get older. When taxes are complex, there are more opportunities to benefit from proactive tax planning. This could be good news in the form of tax deductions and tax credits. Read more…
John R. Day, Bill Ennis, and Matt Heller