WASHINGTON, United States — The US debt has crossed $40 trillion for the first time, underscoring the growing pressure on Washington’s finances as rising interest costs, expanding social-safety-net spending and tax policy continue to widen the gap between federal revenues and expenditures.
टैग: US debt
Donald Trump Presses Fed for Lower Rates, Says US Should Pay Less
WASHINGTON, United States — President Donald Trump has renewed his criticism of the Federal Reserve’s interest-rate policy, arguing that the United States should be paying substantially lower borrowing costs despite solid economic data. Trump said Federal Reserve Chair Kevin Warsh was doing a “great job” but questioned the policy positions of other members of the central bank’s board.
US Treasury Doubles Long-Dated Debt Buybacks
WASHINGTON, United States — The US Treasury buybacks program will expand sharply for longer-dated government debt, with the department announcing on Wednesday that selected operations will be doubled to at least $4 billion as officials respond to pressure in the Treasury market.