While issuance data shows borrowers placing far fewer long-dated corporate bonds (due in 10 years or more) in the first quarter than in recent quarters as absolute borrowing costs trend higher, the refinancing of short-term debt balances remains a common driver of debt issuance this year.
Thus, Congress retains the absolute ability and opportunity to effectuate its own program to bring Medicare costs back in line with the targets any time they wish.
"This is an absolute attack on privacy online and it is far from clear this will actually improve public safety, while adding significant costs to internet businesses, " he said.