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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.”
| Keywords | dollargoldbitcoincryptotreasury-departmentscott-bessentus-economyfinanceinvestingstock-marketdxygovernment-bondsmonetary-policydebasement-tradecurrency-marketmarketsbusinessdigital-assets |
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.
| Keywords | us-japanyenjapanese-yencurrency-interventionus-treasurytokyoforexexchange-ratedollareconomic-securitymarket-volatilityfinanceinternational-tradeglobal-marketsmonetary-policymacroeconomics |
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."
| Keywords | trumpdonald-trumphuffpostsocial-mediaauthoritarianismcult-of-personalitymoneycurrencydollarususapoliticscriticismeconomicsbillridiculepopulismexcessfoundersgovernment |
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
| Keywords | trumpwhite-housetreasuryus-politicspresidencyexecutive-ordersgovernmentmoneycurrencydollarfinanceamerican-politicswashington-dcpolicybreaking-newsleadershippresidentadministrationeconomy |