Tag: Government Borrowing

Yellen urges Congress to act quickly on debt ceiling or risk ‘economic catastrophe’

U.S. Treasury Secretary Janet Yellen on Sunday urged Congress to raise or suspend the nation’s debt ceiling or risk “widespread economic catastrophe.” In an op-ed column published by the Wall Street Journal, Yellen noted that the U.S. has never defaulted, and said it must not now. Sen. Mitch McConnell, R-Ky., has steadfastly refused to to… […]

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Opinion: History shows spending on infrastructure doesn’t always end well

Over the past two centuries, federal, state and municipal governments across the U.S. have launched wave after wave of infrastructure projects. They built canals to move freight in the 1830s and 1840s. Governments subsidized railroads in the mid- and late 19th century. They created local sewage and water systems in the late 19th and early 20th centuries, and […]

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Treasury yields slip lower after release of mixed U.S. data

Treasury yields slipped further amid mixed U.S. data on Monday, after the rates on 2- and 10-year notes saw their biggest monthly declines since March 2020. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, 1.183% was at 1.197% versus 1.239% at 3 p.m. Eastern on Friday. Yields for debt fall as […]

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Dow futures drop 450 points as Treasury yields continue to fall

U.S. stock-index futures pointed to a sharply lower start for U.S. equities Thursday as yields on government bonds extended their decline with investors shying away from bets on a blistering economic recovery and rising inflation. What are major indexes doing? Futures on the Dow Jones Industrial Average YM00, -1.45% dropped 445 points, or 1.3%, to […]

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