2min chapter

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Bloomberg Wall Street Week - May 26, 2023

Wall Street Week

CHAPTER

The Uncertainty of the Fed's Decision to Cut Spending

House Republicans are determined to either extract deep, painful cuts that will hurt the health or safety of everyday Americans. President Biden conceded that there would have to be some spending cuts and revenue increases as well. The Fed minutes from the last meeting showed how uncertain the central bank is about where it is heading next.

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