Trump administration official seeks to assuage growing investor concern over the country’s public finances
And South Korea looks cheap
Legislation would erode the appeal of US financial assets, warn banks and investors
Will the bond market reign in US federal spending?
Currency down 2% over the five days amid concerns over impact of Trump’s tax-cutting bill
Legislation would slash taxes, reduce social spending and increase federal debt
Analysts warn legislation represents ‘sledgehammer strikes’ to green power industry in the US
Stocks also slide after lacklustre $16bn auction for 20-year Treasuries
The president has staked his second-term agenda on the sprawling tax-and-spend legislation
Mike Johnson overcomes sticking point on taxes but needs to placate fiscal conservatives in his party ahead of vote
The president’s fiscal plans deepen concerns over America’s public finances
Investors say Treasury market is already at an ‘inflection point’ as fiscal worries rise
Yields on 30-year US Treasuries hit highest level since 2023 on debt concerns
Credit downgrade is symbolic blow to American prestige and should spur Washington to get its fiscal house in order
Budget blueprint proposes slashing environmental and aid programmes, while boosting support for defence
Trump’s budget requires cuts, and they may fall on programmes his voters rely on
Congressional Budget Office’s forecasts come after Moody’s warned on the country’s public finances this week
Republicans are indulging in budgetary chicanery in order to preserve Trump’s tax cuts
More congressional chaos has sparked fears of another federal funding crisis
Jefferies Financial, welcome to the resistance
Behold, the messy sausage-making of US budgets
Bill would lead to large increase in government deficit, say independent analysts
Billionaire says Donald Trump backs his idea to distribute cost-cutting savings to US citizens
Federal judge tells White House to unlock billions in funding for clean energy projects earmarked under Inflation Reduction Act
A constitutional crisis looms after attempt to wrest power of the purse from Congress
