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FILE - The exterior of the Internal Revenue Service (IRS) building in Washington, on March 22, 2013. That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit. The funding increase has helped the agency to catch up on processing new and backlogged tax returns. And that, in turn, has allowed federal bean-counters to give policymakers a more precise picture of when the Treasury could run out of money ā€” the so-called X-date. (AP Photo/Susan Walsh, File)

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Faster IRS offering better picture on looming debt 'X-date'
May 7, 2023 midnight

Faster IRS offering better picture on looming debt 'X-date'

The funding increase has helped the agency to catch up on processing new and backlogged tax returns.