Michael Faulkender Talks China Tariffs, DOGE, Tax Cuts
Bloomberg Talks
Exploring Financial Cuts and Bond Market Reactions
This chapter explores the financial implications of the DOGE initiative, emphasizing potential annual federal budget cuts of up to $50 billion and addressing improper payments for savings of $300 billion. It also examines the bond market's response to these fiscal strategies and the demand for Treasury securities despite rising borrowing costs.
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