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Turbotax Business 2017 Download

S&P left its A-1+ rating on America’s short-term debt unchanged. Because the short-term rating has been affirmed at AAA, money market funds which own U.S. Treasury Bills should escape relatively unscathed. S&P stated in their report that, “We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.”

Chase Business Online

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