AZ_HighCountry
INT'L MOD
Good luck with that.
US Political News and Trump’s China visit
- Thread starter RabzonKhan
- Start date
Good luck with that.
AZ_HighCountry
INT'L MOD
Going to take a lot of rebuilding of the brand.
Flotilla
Trusted Member
Trump says 'somebody is not telling the facts' about Biden cancer diagnosis
President Trump called former President Joe Biden's cancer diagnosis "very sad" before speculating about the timing of Biden's public disclosure of the disease.
abcnews.go.com
Second cáncer has been diagnosed to Biden. Let's see if he can manage to survive this new one.
RabzonKhan
Trusted Member
- Thread starter
- #9,221
U.S. stocks are slipping, while bonds and the dollar are tumbling more sharply on Monday-another clear indication that the U.S. government is hurtling toward an unsustainable mountain of debt. At the center of this looming financial crisis is Trump's latest proposed tax break-a sweeping policy that, if passed, threatens to push the national debt even further out of control. While supporters tout it as a bold economic move, the reality is that similar tax cuts from his first administration significantly widened the deficit.
Adding to the uncertainty, Moody’s recent downgrade of the U.S. Treasury sent shockwaves through financial markets. In response, Treasury Secretary Bassan appeared on multiple TV stations, offering interviews that downplayed the severity of the downgrade. His dismissive rhetoric, however, did little to calm investors—in fact, it was misleading and failed to acknowledge the gravity of the situation. Now, the market reaction is crystal clear: the U.S. dollar is losing value, and long-term bond yields are spiking.
Just as a reminder, the U.S. is already paying more than a trillion dollars in debt service-a staggering figure that continues to grow. This means billions more could be added just to cover interest payments, creating an even heavier financial burden that threatens future economic stability. These are unmistakable warning signs of a massive financial reckoning ahead. The risks are mounting, and unless corrective action is taken, the country may be headed for an economic disaster of historic proportions.
By STAN CHOE
Updated 8:08 AM PDT, May 19, 2025
NEW YORK (AP) — U.S. stocks, bonds and the value of the U.S. dollar are drifting lower on Monday following the latest reminder that the U.S government seems to be hurtling toward an unsustainable mountain of debt.
The S&P 500 dipped 0.4% after Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average was down 55 points, or 0.1%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.
Moody’s pointed to how the U.S. government continues to borrow more and more money to pay for its expenses, with political bickering making it difficult to either rein in Washington’s spending or raise its revenue in order to get its ballooning debt under more control.
It’s a blow because the downgrade essentially warns investors globally not to lend money to Washington at such low interest rates. The yield on the 10-year Treasury climbed to 4.49% from 4.43% late Friday. That shows how much in interest the U.S. government has to pay in order to borrow money for 10 years, and it was briefly above 4.55% earlier Monday morning. Read more
Adding to the uncertainty, Moody’s recent downgrade of the U.S. Treasury sent shockwaves through financial markets. In response, Treasury Secretary Bassan appeared on multiple TV stations, offering interviews that downplayed the severity of the downgrade. His dismissive rhetoric, however, did little to calm investors—in fact, it was misleading and failed to acknowledge the gravity of the situation. Now, the market reaction is crystal clear: the U.S. dollar is losing value, and long-term bond yields are spiking.
Just as a reminder, the U.S. is already paying more than a trillion dollars in debt service-a staggering figure that continues to grow. This means billions more could be added just to cover interest payments, creating an even heavier financial burden that threatens future economic stability. These are unmistakable warning signs of a massive financial reckoning ahead. The risks are mounting, and unless corrective action is taken, the country may be headed for an economic disaster of historic proportions.
US stocks, bonds and the dollar slip after the latest downgrade to the US government’s credit rating
By STAN CHOE
Updated 8:08 AM PDT, May 19, 2025
NEW YORK (AP) — U.S. stocks, bonds and the value of the U.S. dollar are drifting lower on Monday following the latest reminder that the U.S government seems to be hurtling toward an unsustainable mountain of debt.
The S&P 500 dipped 0.4% after Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average was down 55 points, or 0.1%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.
Moody’s pointed to how the U.S. government continues to borrow more and more money to pay for its expenses, with political bickering making it difficult to either rein in Washington’s spending or raise its revenue in order to get its ballooning debt under more control.
It’s a blow because the downgrade essentially warns investors globally not to lend money to Washington at such low interest rates. The yield on the 10-year Treasury climbed to 4.49% from 4.43% late Friday. That shows how much in interest the U.S. government has to pay in order to borrow money for 10 years, and it was briefly above 4.55% earlier Monday morning. Read more
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