Will the Fed hit “pause” after hiking rates again? 10 of 18 Fed policymakers have already indicated their position, as Howard Schneider reports for Reuters. • Many Georgia taxpayers are getting an additional refund. When will yours arrive? 11Alive covers the answers. • The U.S. could default on its debt by June 1. As the deadline approaches, The Washington Post reports on talks between President Biden and House Speaker Kevin McCarthy.
Fed Likely To Pause After Another Rate Hike — As of March, 10 of 18 Fed policymakers indicated they were likely ready to halt the rate hikes after one more increase, expected at this week’s meeting. It would lift the Fed’s benchmark overnight interest rate to the 5.00%-5.25% range. Read more…
Georgia Tax Rebates Start Going Out — According to a spokesperson for the agency, Georgia’s DOR has already processed over 1.1 million refunds totaling $257 million. If you haven’t received your money yet, don’t worry. Read more…
Biden Seeks Debt Ceiling Talks As U.S. Faces Possible June 1 Default — Biden’s request for talks followed a jarring new projection from the Treasury Department that the government could run out of cash to pay its bills in as few as four weeks without additional borrowing authority. Read more…
John R. Day, Bill Ennis, and Matt Heller