The US Treasury is desperately buying its own debt to stop a global bond sell off.
If left unchecked, it could catalyze a crisis of confidence in the dollar itself. The Grayzone's Kei Pritsker explains how the Iran War could end the US world reserve currency statusOpen
Rep. Rich McCormick, R-Ga., discusses Treasury Secretary Scott Bessent's declaration that any nation or bank aiding Iran will face secondary sanctions and removal from the U.S. dollar system on 'The Evening Edit.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theeveningedit #iran #sanctions #republicans #gop #congress #scottbessent #bessent #treasury #banks #banking #dollar #economy #finance #foreignpolicy #middleeast #government #politics #political #politicalnews #georgia
The DXY dollar index fell to 98.6630 on Friday, down 0.23% from the previous session, bringing its decline over the past month to 2.43%. The dollar’s weakness follows the Treasury Department’s decision to at least double its purchases of longer-dated government bonds, a move that initially triggered a selloff in the currency while boosting gold and Bitcoin in what some market participants have dubbed the “debasement trade.”
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
Service members based in Japan will likely see a reduction in their overseas cost-of-living allowance because of a long-term drop in the value of the Japanese yen and a corresponding increase in the value of the dollar.
Many lament how the system is “rigged,” and they’d be correct — it’s rigged in favor of unyielding work, risk taking, and vision.
Over a quarter of President Trump's MAGA loyalists don't want the Treasury to print $250 bills with his face on them, according to a new YouGov poll. Why it matters: Trump enjoys 91% approval overall among his most loyal base, but less than half of self-identified MAGA Republicans want to see Trump's face on cash . By the numbers: Roughly 26% of MAGA supporters oppose putting Trump's face on the currency, while 48% approve of the plan, according to the poll . - Another 26% are unsure. - Among Republicans more broadly, 35% oppose the president's portrait on currency while 40% approve. Twenty-four percent are unsure. Catch up quick: A congressional ally of the president is pursuing a proposal to place Trump's face on a "commemorative…
One person noted that "putting a living president’s face on a vanity $250 bill is exactly the kind of cult nonsense the Founders despised."
Good Friday morning. Here is what’s on President Trump’s agenda today: 8:00 AM THE PRESIDENT participates in Executive Time 11:00 AM THE PRESIDENT receives his […] Source