Tag Archives: federal government

Dealmaking is critical for Wall Street because it allows investors and banks to profit by offering advice or financing for transactions. President Joe Biden’s new bundle of laws to fund the federal government may hurt Wall Street mergers and acquisitions, dash hopes for a dealmaking rebound. Lowest Mergers, AcquisitionsInvestment bankers …

The US government recorded a $314 billion budget deficit in November, which was higher than the expected $301 deficit. The Treasury Department reported $275 billion in receipts and $589 billion in outlays. It compares to a $248 billion deficit in the same month last year.According to the Treasury Department, the …

The US Dollar Index dropped further and fell to 103.45, reaching its lowest level since late August. Risk appetite and lower Treasury yields weighed on the dollar.In the short term, the US dollar remains vulnerable even though the US economy is growing while the Eurozone and other economies are nearing …

The US Senate voted, on Thursday, to approve a $1.7 trillion government funding bill and the related legislation is getting passed onto the House, ahead of the Friday night deadline in order to prevent partial federal government shutdown. The bill is meant to fund critical government operations and to provide …

Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …

The US government could reach the maximum amount of money that the Department of the Treasury is allowed to borrow by 15 December.If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big consequences for the timeliness of government payments that the nation relies …