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Bloomberg Surveillance

Surveillance: US Treasury Refunding & Fed Day

Nov 1, 2023
Seth Carpenter and Mark Cabana discuss the US Treasury's refunding announcement. Dom Konstam previews the Federal Reserve's rate decision. Win Thin expects Japanese yields to rise after the BOJ's decision. Jennifer Flitton discusses the latest in Washington on US aid to Israel.
35:32

Podcast summary created with Snipd AI

Quick takeaways

  • The US government faces challenges in passing legislation related to international affairs due to political divisions over funding priorities.
  • There is uncertainty about the extent of US troops' involvement in international conflicts, such as Gaza, and the appetite for long-term engagement.

Deep dives

Political divisions over funding Israel and Ukraine

There is a split in the US government over funding for Israel and Ukraine, with the House proposing a separate bill to fund Israel, but President Biden issuing a veto threat. This highlights the political divisions over funding priorities and the challenges of passing legislation related to international affairs. The House bill has paired funding for Israel with an offset that impacts the inflation reduction act and expands the IRS, making it difficult to gain the necessary support. It remains to be seen how this issue will be resolved.

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