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 Treasury
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.
Scott Bessent’s To-Do List Suggests Possible US Plan to Buy $5–10 Billion in Japanese Yen
A notepad belonging to US Treasury Secretary Scott Bessent has drawn attention after a Reuters photograph captured during a Cabinet meeting at Camp David appeared to show a handwritten reminder about purchasing between $5 billion and $10 billion worth of Japanese yen. The image surfaced as reports emerged that the US Treasury had alerted banks about a possible intervention in the currency market.