Chief among them: Raise the country's legal debt limit well before the year is out.
The Bipartisan Policy Center now estimates that the so-called "X" date -- or drop-deadline by which lawmakers must act -- will hit sometime in October or November.
That's when the Treasury Department will no longer be able to pay all the country's bills in full and on time because it will have run out of borrowing authority. And there won't be enough revenue plus cash on hand to cover all bills due.
Translation: The United States would default on some of its legal obligations.
Those obligations -- approved over the years by both parties -- include paying bondholders, federal contractors, Social Security recipients, tax filers owed refunds and a vast array of other parties.
Defaulting on any of them could hurt the economy and markets to varying degrees, depending on who gets stiffed and for how long.
Top High Tech Stocks To Watch For 2021: Bristow Group, Inc.(VTOL)
Bristow Group Inc. provides aviation services to integrated, national, and independent offshore energy companies in the United States. It also offers commercial and public sector search and rescue services; and other ad hoc helicopter and fixed wing transportation services. As of March 31, 2021, the company had a fleet of 247 aircraft. It also has operations in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the United Kingdom. The company was founded 1948 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By ]
Wheels Up Experience (NYSE:UP) and Bristow Group (NYSE:VTOL) are both small-cap aerospace companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, dividends and valuation.
Top High Tech Stocks To Watch For 2021: H&R Block, Inc.(HRB)
H&R Block, Inc., through its subsidiaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and online tax services, such as tax advice, professional and do-it-yourself (DIY) tax return preparation, and electronic filing services through its Website hrblock.com. It also develops and markets DIY desktop income tax preparation software; and develops and provides applications for mobile devices, which offer tax and related services. In addition, the company provides refund anticipation checks, H&R Block Emerald Advance lines of credit and Prepaid MasterCard, and Peace of Mind Extended Service Plan, Tax Identity Shield, and Cash Back refund discount programs. Further, it offers traditional retail banking services primarily to its assisted and DIY tax clients. The company was founded in 1946 and is headquartered in Kansas City, Missouri.
H & R Block Inc (NYSE:HRB) announced a quarterly dividend on Thursday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be given a dividend of 0.25 per share on Monday, April 1st. This represents a $1.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, March 15th. Billions Are Now in Play: Millions of Americans could collect "federal rent checks" – to learn how to claim your portion of an $11.1 billion money pool using this backdoor investment, click here now… Follow Money Morning on Facebook, Twitter, and LinkedIn. Despite the overall concerns among investors, individual companies continue to have an important impact on sentiment. Streaming giant Netflix (NASDAQ:NFLX) has enjoyed impressive subscriber growth in recent years, and those favorable trends seem likely to continue. Yet for H&R Block (NYSE:HRB), tax reform has had pros and cons, and the tax-prep specialist is still navigating the impact of new tax laws on its customers. The S&P 500 stock posting the largest daily percentage loss ahead of the close was H&R Block, Inc. (NYSE: HRB)) which traded down about 3.3% at $24.26. The stock's 52-week range is $22.45 to $29.81. Volume was about 3.4 million compared to the daily average volume of 3.4 million. In particular, bank stocks have sold off hard in the month of March. The SPDR S&P Bank ETF (NYSE: KBE) has lost more than 10% of its value since the middle of the month. Bank stocks participated in the rally today, and a rise in crude oil lifted the energy sector. The SPDR S&P Bank ETF (NYSEMKT:KBE) climbed 2.3% and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEMKT:XOP) jumped 2.7%. The new communication services sector had the best performance today, with the Communication Services Select SPDR ETF (UNKNOWN:UNKNOWN) rising 0.4%. Bank stocks fell on the flattening yield curve; the SPDR S&P Bank ETF (NYSEMKT:KBE) dropped 1.8%. Top High Tech Stocks To Watch For 2021: SPDR S&P Bank ETF (KBE)
SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS). The Fund invests all, but at least 80%, of its total assets in the securities consisting of the Index. In addition, the Fund may invest in equity securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents. SSgA Funds Management, Inc. (SSgA FM) serves as the investment adviser to the Fund. Advisors' Opinion:
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