Scott Bessent becomes the tip of the spear in the U.S. war on Iran and the bond vigilantes
Facing an increasingly aggressive Iran and a slumping bond market, the Trump administration is betting that Treasury Secretary Scott Bessent ...
Tag: U.S. Department of the Treasury
Debt has become the main character on Wall Street as markets decide it’s now gotten out of control
The enormous mountain of debt hanging over the economy has overshadowed the AI boom as the center of attention on ...
With the national debt nearing $40 trillion, Bank of America has a warning for bond investors
The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” ...
Global finance looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
The first U.S.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much ...
CBO: US Treasury spends $3 billion daily on national debt interest
The government’s near-$40 trillion national debt is now costing the Treasury more than $3 billion a day in service payments, ...
By propping up the yen, the US and Japan are admitting dollar dominance isn’t what it used to be
Last week’s attempt to boost the sagging yen wasn’t the first time the U.S. and Japan took such joint action, ...
Trump has turned the dollar into a foreign policy tool, a move economists say could backfire
For decades, the U.S. largely held off on approving currency swaps with foreign powers, save for rare circumstances. When it ...
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