Post Profile

"A Historic Reversal": Dollar, Treasurys Slide As Trump Drops Target For "Balanced Budget"

Following last week's torrid surge in the dollar on the back of a panicked flight to safety, the greenback has weakened for a second day amid concerns President Donald Trump’s budget proposal - to be released later today - will drop a longstanding Republican Party goal to balance the budget in 10 years in a "historic reversal", as we first reported  last night. As a result, the Bloomberg Dollar Spot Index fell 0.
read more


Related Posts

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, GM, WAG, XRX)

Business & Finance : Business Insider: Clusterstock

Here is what you need to know. Trump's budget proposes making part of the food-stamp program a meal-delivery service with boxed grocery deliveries. President Donald Trump's budget proposes Supplemental Nutrition Assistance Program (...

Trump's budget plan is a 'massive bet,' according to this analysis

Politics / US Politics : Washington Watch

President Trump is proposing a $4 trillion-plus budget that projects a $1 trillion or so federal deficit. Unlike the plan Trump released last year, the 2019 budget never comes close to promising a balanced federal ledger even after ...

US Treasury Secretary Steven Mnuchin backs weak dollar amid fears of trade war

News : The Raw Story

U.S. Treasury Secretary Steven Mnuchin welcomed a weaker dollar on Wednesday, sending the greenback reeling and underlining concerns that U.S. President Donald Trump is stepping up his attack on China and other big trading partners ...

Welfare for the Wealthy

Politics / US Politics : Slate: Jamelle Bouie

After years of demanding balanced budgets from President Obama—despite a stagnant economy in need of investment—conservatives have reversed course. Under President Trump, Republicans have enacted trillions of dollars in tax cuts and...

An Ugly Budget Proposal

Business & Finance / Investing : Financial Sense

By Independent Institute – President Trump released his first budget proposal yesterday. At first glance, it looks pretty ugly where the concept of fiscal responsibility is concerned. The following chart shows the amount of the US.....


Copyright © 2016 Regator, LLC