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US Treasury set to unleash a tsunami of bonds, Wall Street warns

As the US Treasury prepares to issue a wave of new bonds following the debt ceiling deal, Wall Street voices concerns about market preparedness.

The White House is lit in orange in honor of Gun Violence Awareness Day Friday, June 2, 2023, in Washington. (AP Photo/Andrew Harnik)(AP)
Published on Jun 04, 2023 05:28 AM IST
Bloomberg | | Posted by Tuhin Das Mahapatra

President Biden's historic Oval office addresses ‘crisis averted’

46th U.S. President Joe Biden lauds 'crisis averted' with debt ceiling deal in first Oval Office address

US President Joe Biden during a national address in the Oval Office of the White House in Washington, DC, US, on Friday, June 2, 2023. Biden�defended a debt limit deal he struck with Republicans as necessary to prevent an �economic collapse� and said he would sign it on Saturday amid frustration from many lawmakers in both parties who backed the agreement reluctantly. Photographer: Bonnie Cash/UPI/Bloomberg(Bloomberg)
Published on Jun 03, 2023 05:32 AM IST
Reuters | | Posted by Tuhin Das Mahapatra

Bipartisan deal passes Senate resolving debt ceiling crisis and budget cuts

The Senate has approved a bipartisan deal to address the debt ceiling and implement budget cuts, avoiding a potential U.S. default.

In this image from Senate Television, the final vote of 63-36 shows passage of the bill to raise the debt ceiling Thursday night, June 1, 2023, in the Senate at the Capitol in Washington. President Joe Biden is expected to quickly sign the bill that will stave off default. (Senate Television via AP)(AP)
Updated on Jun 02, 2023 09:57 AM IST
AP | | Posted by Tuhin Das Mahapatra

The U.S. deficits on the rise amidst political budget showdowns

The challenges of rising U.S. deficits and the political showdowns surrounding the debt limit deal for Social Security, Medicare, and Medicaid.

FILE PHOTO: The White House is seen at sunset on U.S. President Joe Biden's first day in office in Washington, U.S., January 20, 2021. REUTERS/Erin Scott/File Photo(REUTERS/Erin Scott)
Published on May 31, 2023 06:27 AM IST
AP | | Posted by Tuhin Das Mahapatra

President Biden faces criticism as he leaves White House amid debt-ceiling talks

46th U.S President Joe Biden's optimism clashes with democratic criticism as Debt-Ceiling talks heat up

U.S. President Joe Biden walks before departing the White House for Camp David, in Washington, U.S., May 26, 2023. REUTERS/Evelyn Hockstein(REUTERS)
Published on May 27, 2023 08:08 AM IST
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