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Moody's analyst says $1.5 trillion Trump defense budget plan could widen deficits
NEW YORK, Jan 8 (Reuters) - U.S. President Donald Trump's proposed increase in defense spending for 2027 is unlikely to be offset by savings or revenues and would have a negative impact on already large U.S. fiscal deficits, said an analyst at Moody's Ratings.Trump said on Wednesday the ...Reuters
Fri, Jan 9
US deficits may widen with Trump's proposed $1.5 trillion defense budget, says Moody's
NEW YORK, Jan 8 (Reuters) - U.S. President Donald Trump's proposed increase in defense spending for 2027 is unlikely to be offset by savings or revenues and would have a negative impact on already sizeable U.S. fiscal deficits, said an analyst at Moody's Ratings."A large, sustained debt-...Reuters
Thu, Jan 8
Treasury's Bessent says Iran facing precarious moment, economy in trouble
GOLDEN VALLEY, Minnesota, Jan 8 (Reuters) - Iran's economy is facing high inflation and other challenges, partly due to U.S. sanctions, U.S. Treasury Secretary Scott Bessent said on Thursday, underscoring Washington's concerns about Tehran cracking down violently on anti-regime protests."...Reuters
Thu, Jan 8
Bessent worried more about loss of leverage than revenue if Trump loses Supreme Court case
Bessent confident in reconstituting lost tariff revenue if court rules against TrumpEarly 2026 tax season to boost U.S. economy with Republican tax breaksVenezuela sanctions to be adjusted post-Maduro, oil investments expected to varyBy David Lawder and Andrea ShalalGOLDEN VALLEY, Minnesota, Jan 8 (...Reuters
Thu, Jan 8
Fed to cut rates slightly this year, CBO forecasts
Jan 8 (Reuters) - The Federal Reserve will likely cut rates a little more to "address downside risks to the labor market" and then stop there, the Congressional Budget Office forecast on Thursday, with higher tariffs and increased demand from the Trump administration's tax cuts expected ...Reuters
Thu, Jan 8
US Treasury's Bessent says Rieder not yet interviewed for top Fed job, decision likely this month
MINNEAPOLIS, Jan 8 (Reuters) - BlackRock's chief bond investment manager, Rick Rieder, has not been interviewed yet by U.S. President Donald Trump for the Federal Reserve top job, Treasury Secretary Scott Bessent said on Thursday, adding that he expects the nominee to be announced later this...Reuters
Thu, Jan 8
Fed to cut rates slightly this year, CBO forecasts
Jan 8 (Reuters) - The Federal Reserve will likely cut rates a little more this year to "address downside risks to the labor market," the Congressional Budget Office forecast on Thursday, with higher tariffs and increased demand from the Trump administration's tax cuts expected to keep in...Reuters
Thu, Jan 8
