AI hyperscalers issuing a flood of bonds are ‘reverse crowding out’ the Treasury as US debt soars
Among the many potential downsides for letting the national debt get too high was that the federal government…
Bessent attacks Warren over yen intervention, offers ‘FX for Dummies’
Treasury Secretary Scott Bessent, left, and Sen. Elizabeth Warren, D-Mass. Getty Images Treasury Secretary Scott Bessent unleashed a…
Bessent $1 trillion Treasury General Account bond buybacks
The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to…
Iranian security chief says support for new US sanctions would be ‘act of war’
The new head of Iran’s top security body warned Sunday that Tehran will see any country’s support for…
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…
Gold and bitcoin went from chumps to champs very quickly this week
Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the…
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…
US dollar weakens sharply against the Japanese yen
TOKYO (AP) — The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump…
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
The national debt is set to reach $40 trillion in the near future if it continues to grow…
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
The national debt is set to reach $40 trillion in the near future if it continues to grow…
Trump says he may delay China trip as Iran war roils oil prices
WASHINGTON (AP) — President Donald Trump may delay his China trip due to the Iran war, but Treasury…
JPMorgan Chase to match $1,000 contribution to ‘Trump accounts’
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks at the US Chamber of Commerce in…