Bloomberg Intelligence

US Treasury Says It Was Breached by Chinese-Based Hacker

Dec 31, 2024
A significant cybersecurity breach at the U.S. Treasury by a Chinese hacker raises urgent national security concerns. Experts discuss the implications of this attack on the economy, forecasting challenges for labor markets and Federal Reserve actions in 2025. The conversation also touches on the strain from rising U.S. debt on Treasury bond dealers and the complexities of managing market liquidity. Additionally, insights into the hospitality sector reveal how restaurants are innovating to cope with post-pandemic hurdles like inflation and staff morale.
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