Bloomberg Daybreak: US Edition Trump Budget and Gaza Strategy Fallout; Bessent Says Trump Wants Lower 10-Year Yields
Feb 6, 2025
GOP Senators are clashing over Trump's budget strategy, revealing major rifts within the party. Meanwhile, a looming buyout deadline leaves 40,000 federal workers on edge. Economic whispers suggest Trump is pushing for lower 10-year yields instead of Fed cuts. As Ford warns of profit declines and tech giants grapple with hiring shifts, the financial landscape continues to evolve. Not to be overlooked, tensions in Gaza and impacts on U.S.-South Africa relations add to the complex picture.
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Republican Split on Trump's Agenda
- Republicans in Congress are divided on how to advance President Trump's agenda.
- Senate Republicans want to delay tax cuts until after border security is addressed, while House Speaker Mike Johnson prefers one large bill.
Gaza Takeover Proposal Backlash
- President Trump's Gaza takeover proposal faces pushback, with aides downplaying the idea.
- The White House says any relocation of Gaza residents would be temporary, while the Palestinian Authority rejects displacement.
Federal Workers Resign
- Over 40,000 federal workers, about 2% of the workforce, have applied for President Trump's offer to resign.
- The offer includes payment through September, but unions question its legality, calling it misleading.