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US Treasury set to unleash a tsunami of bonds, Wall Street warns

As the US Treasury prepares to issue a wave of new bonds following the debt ceiling deal, Wall Street voices concerns about market preparedness.

The White House is lit in orange in honor of Gun Violence Awareness Day Friday, June 2, 2023, in Washington. (AP Photo/Andrew Harnik)(AP)
Published on Jun 04, 2023 05:28 AM IST
Bloomberg | | Posted by Tuhin Das Mahapatra

As debt ceiling deadline looms Biden and McCarthy meeting ends in stalemate: All we know so far

Joe Biden and Kevin McCarthy's ‘productive’ meeting faces uphill battle amidst Senate pressures at White House

WASHINGTON, DC - MAY 22: U.S. House Speaker Kevin McCarthy (R-CA) talks to reporters outside his office at the Capitol following a meeting with President Joe Biden on May 22, 2023 in Washington, DC. McCarthy characterized today's debt limit negotiations as more productive than previous sessions. Chip Somodevilla/Getty Images/AFP (Photo by CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on May 23, 2023 09:28 AM IST

US default on $31.46 trillion debt may lead to global crisis: Treasury chief

U.S. President Joe Biden said failure by Congress to act before Treasury runs out of money to pay government bills risked throwing the economy into a recession.

US Treasury Secretary Janet Yellen issued the latest in a series of increasingly stark warnings ahead of a meeting in Japan with her counterparts from the G7 rich nations, as well as India, Indonesia and Brazil.(AFP)
Updated on May 11, 2023 03:45 PM IST
Reuters |

India's economy recovered strongly despite 3 Covid waves: US Treasury report

India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report.

After recording a current account surplus of 1.3 per cent of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1 per cent of GDP in 2021.(Bloomberg)
Published on Jun 11, 2022 10:07 AM IST

November saw highest disbursement of rental aid, says US treasury

Diane Yentel, CEO of the National Low Income Housing Coalition, welcomed the increased pace of disbursement.

Gene Sperling, who leads the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package, speaks during the daily briefing at the White House in Washington.(AP)
Published on Jan 08, 2022 01:50 PM IST
AP | , New Delhi
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