US will move tax filing deadline to July 15 from April 15

Author: Adam Button | Category: News

Announcement from the US Treasury Secretary

  • All businesses will have additional time to file and make payments without interest or penalties
  • Encourages those who are eligible for refunds to file now
This is no surprise, Mnunchin and other White House officials have been hinting at this for more than a week.

The knock-on effect, is that the US will have to shift some major borrowing to make this work, as highlighted by Guy Lebas from Janney who says "The T-bill issuance that this will entail is going to be absolutely insane."

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