The Treasury Department announced a lower-than-expected estimate of its federal borrowing for the final quarter of 2023. Wall Street fears of a snowballing fiscal crisis can rest easy, at least for a minute.
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October 30, 2023
Treasury revenues beat expectations, calming some fiscal fears
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Washington gets a killer GDP report as storms loom
The Commerce Department reports that American GDP grew by 4.9% over the summer, a roaring finish that would have been hard to imagine a month or two ago.
FY2023 federal deficit clocks in at $1.7 trillion
Scorching jobs report sends markets down, bond yields up
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