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Treasury Yields Climb to Begin Second Quarter
U.S. Treasury yields were higher on Monday morning as the bond market emerged from a wild first quarter.
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2-Year Treasury Yield Rises Back Above 4%, Recovering From Bank Crisis Dip
Investors considered the outlook for the economy as fears about a widespread banking crisis eased.
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The Feds Lent Banks $300B This Week. Will Taxpayers End Up Footing the Bill?
The fed said banks had borrowed about $300 billion in emergency funding in the past week. So will ordinary Americans end up paying for it, one way or another?
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Yellen: US Banking System Remains ‘Sound'
“I can reassure the members of our committee that our banking system remains sound,” Treasury Secretary Janet Yellen told legislators Thursday. “Americans can feel confident that their deposits will be there when they need them.”
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U.S. Government Steps in and Says People With Funds Deposited at SVB Will Be Able to Access Their Money
Banking regulators devised a plan Sunday to shore up deposits at Silicon Valley Bank, a critical step in stemming a feared panic.
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Treasury Secretary Janet Yellen Says U.S. Government Won't Bail Out Silicon Valley Bank
Treasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank
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More Electric Vehicles Are Now Eligible for Tax Credits
The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle classification definitions.
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The US Has Reached Its Debt Limit. What Happens If It Isn't Raised?
The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.
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The US Is Hitting Its Debt Limit Today. What Happens If It Isn't Raised?
Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.
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US Expected to Hit Debt Limit on Thursday, Treasury Secretary Yellen Warns Congress
Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
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US Set to Hit Debt Ceiling This Month, Setting Up a Political Fight in a Divide Congress
The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month. That starts the clock on an expected standoff between President Joe Biden and the new House Republican majority. Both political parties’ ability to navigate a divided Washington will be tested, with the fragile global economy at stake. Once the cap...