Michael Faulkender Talks China Tariffs, DOGE, Tax Cuts
Bloomberg Talks
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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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