KEY EVENTS IN SEPTEMBER AND OCTOBER
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• Income Tax Payments Due Mid-September ‒ The expected revenue spike in mid-September is related to quarterly estimated tax payments, which are due on September 16, 2013.
• Military Retirement Benefit Accrual on October 1 ‒ On the first day of the new fiscal year, the value of military retirement benefits (including pensions and healthcare) earned during the year by currently serving members of the military must be accrued. ‒ This will result in an approximately $75 billion increase in intragovernmental debt, which counts toward the debt limit.