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Articles for Ust, search results for fiscal

Trump’s Treasury secretary will face a daunting challenge
3 weeks, 4 days ago

Trump’s Treasury secretary will face a daunting challenge

Live Mint  

Scott Bessent, President-elect Donald Trump’s nominee for US Treasury Secretary, will face two big challenges if confirmed by the Senate: Ensuring that the world’s largest government-debt market functions properly, and pursuing a fiscal policy that doesn’t send the country’s debt-service costs soaring. This puts the onus on the US and foreign banks known as primary dealers, which also don’t have …

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Wall St closes higher; small-caps hit record high after Trump nominates Bessent
4 weeks ago

Wall St closes higher; small-caps hit record high after Trump nominates Bessent

Live Mint  

* Barclays raises full-year S&P 500 forecast * Bond yields drop as Bessent's move seen easing fiscal concerns * Macy's slides after delaying Q3 report on accounting issue By Saeed Azhar, Johann M Cherian and Purvi Agarwal Nov 25 - Wall Street's main indexes ended higher on Monday, with the small-cap Russell 2000 index hitting an all-time high after Scott …

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US Treasury buys time for Biden and GOP on debt limit deal
1 year, 11 months ago

US Treasury buys time for Biden and GOP on debt limit deal

The Hindu  

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis. The Treasury Department said in a letter to congressional leaders it had started taking “extraordinary measures” as …

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US Treasury buys time for Biden and GOP on debt limit deal
1 year, 11 months ago

US Treasury buys time for Biden and GOP on debt limit deal

Associated Press  

WASHINGTON — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis. The Treasury Department said in a letter to congressional leaders it had started taking “extraordinary …

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