• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Financial Markets Brace For America’s New Trillion Dollar Debt Binge
Business

Financial Markets Brace For America’s New Trillion Dollar Debt Binge

June 7, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US Treasury $1 Trillion
Share
Facebook Twitter LinkedIn Pinterest Email

U.S. financial markets are bracing for an influx of more than $1 trillion in new Treasury bills after the new debt ceiling deal threatened market stability, according to The Wall Street Journal.

The Treasury Department is seeking to increase the funds it has deposited in its checking account with the Federal Reserve after reaching a low of $50 billion toward the end of May due to the measures taken to avoid default as Congress and the White House negotiated a debt ceiling deal, the WSJ reports. Many investors are anticipating market volatility as bond issuances totaling $850 billion will be auctioned by the Treasury between now and the end of September and were put on hold due to the debt ceiling fight in Congress. (RELATED: Here’s How Much The Latest Bank Failure Will Cost The Feds — And How Americans Could Foot The Bill)

The department was forced to take “extraordinary measures” during the debt ceiling fight to keep the government from defaulting on its obligations, and officials have said they are seeking to increase the balance in the Treasury’s account to $600 billion, according to the WSJ. The large issuance will raise short-term borrowing costs, jolting the market, according to the WSJ.

Big banks will shoulder the cost of refunding the Treasury Department due to their status as primary dealers who are required to bid for Treasury bonds, the WSJ reports.

The government is also still grappling with the string of bank failures that occurred earlier this year, starting with Silicon Valley Bank, which led to the the Federal Deposit Insurance Corporation (FDIC) taking over the bank in March.

Treasury Secretary Yellen says she wouldn’t be surprised to see more bank consolidation. https://t.co/PNmENw1SXt pic.twitter.com/VOLYsvYhYY

— CNBC (@CNBC) June 7, 2023

Congress has focused on the threat of bank failures, most recently proposing bipartisan legislation to punish failed bank executives, called the Failed Bank Executives Clawback Act. The act also aims to increase the amount insured under the FDIC to include larger banks.

See also  Emirates 90-plane 777X deal to kick-start Dubai Airshow

Some analysts are more confident in the market. “Anything that’s a one-off, complicated arcane monetary-policy plumbing issue gets resolved rather quickly,” said Marko Papic of the Clocktower Group, according to the WSJ. Those confident in the market see the new $1 trillion issuance of Treasury’s as a necessary function that the Treasury must undertake to stabilize the market and money supply.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Americas Binge brace debt Dollar Financial Markets Trillion
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Tom Cruise Narrows Down 1 Way He Can ‘Catch Up’ To ‘Legend’ Harrison Ford

July 6, 2023

South Carolina Tops N.C.A.A. Women’s Tournament Field

March 13, 2023

NFL Players Alvin Kamara And Chris Lammons Indicted On Assault Charges

February 17, 2023

Biden’s Climate Agenda Is Running Headfirst Into A Wall Of His Own Making

May 17, 2024
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Twitter turns Olivia Wilde X Margaret Zhang’s same Met Gala 2023 outfit into a meme fest

May 2, 2023

Brandon Nimmo and Mets Get Walk-Off Win Over Yankees

June 15, 2023

New Poll Reveals Which GOP Candidates Beat Biden — And Which Ones Don’t

September 7, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.