The UK government reported a £1.8bn deficit for July, exceeding expectations. Despite higher self-assessment tax receipts, spending growth led to the shortfall. Chancellor John Healey faces mounting pressure from rising bond yields and debt-interest costs.
Treasury Secretary Scott Bessent suggested expanding U.S. bond buybacks to address liquidity issues, but markets remain skeptical. Meanwhile, U.S. national debt reached $40 trillion, and industry leaders in Beijing discussed the limitations of humanoid robots.
Bitcoin is on track for a 20% weekly gain, reaching $75,343, driven by a Treasury bond market intervention, a $2.7 billion crypto short squeeze, and renewed legislative hopes for the Clarity Act.
China has rejected US Treasury Secretary Scott Bessent's call to participate in new, severe sanctions aimed at collapsing Iran's economy. Beijing maintains that diplomatic engagement is the only viable path, despite US threats of consequences for trade partners.
Bitcoin surpassed its 200-day moving average for the first time since November 2025, reaching nearly $73,000. The rally follows a US Treasury announcement to increase liquidity-support buybacks, boosting investor risk appetite.
Treasury Secretary Scott Bessent faces market skepticism and credibility challenges after initial efforts—including bond buybacks and media appearances—failed to sustainably lower long-term Treasury yields amid mounting U.S. debt and fiscal pressures.
Cosmos Health's crypto treasury dropped about 46% by June's end, with unrealized losses reaching $1.44 million. The Nasdaq-listed company issued a going-concern warning, citing recurring losses, cash consumption, and heavy debt obligations.
US Treasury Secretary Scott Bessent urged China to join Washington's campaign to economically isolate Iran following the collapse of negotiations to reopen the Strait of Hormuz.
Treasury Secretary Scott Bessent stated that the U.S. budget deficit under President Donald Trump has likely peaked, pointing to fiscal consolidation measures and projected growth as solutions to the record $40 trillion national debt.
Il segretario al Tesoro statunitense Scott Bessent ha dichiarato alla Cnbc che il governo dispone di vari strumenti per gestire i Treasury e ha annunciato misure per far collassare il regime iraniano.
JPMorgan warns that U.S. Treasury debt buybacks and short-term borrowing provide only temporary relief against a massive wave of global debt and rising AI infrastructure spending.
Treasury Secretary Scott Bessent's efforts to influence the bond market and lower Treasury yields will require coordination with Federal Reserve Chairman Kevin Warsh, putting renewed scrutiny on Fed independence and balance sheet policies.
US federal debt has surpassed $40 trillion, coinciding with rising interest costs and Treasury buybacks of long-term debt that pushed yields lower as Bitcoin rallied to around $72,600 amid renewed debate over its status as a non-sovereign asset.
U.S. Treasury Secretary Scott Bessent discusses maximum economic pressure on Iran and attempts to calm bond markets through a debt buyback, while global markets react to corporate earnings, crypto legislation, and economic data.
U.S. Treasury bond yields rose Thursday, erasing gains from a government buyback intervention. The 30-year bond yield reached 5.256% as markets weighed structural debt challenges, record national debt exceeding $40 trillion, and persistent inflation concerns.
The U.S. Treasury Department has released proposed guidance for 'Trump Account' 530A child savings accounts, mandating low-cost, broad-market index fund investments to maximize long-term compound growth and minimize fees for families.
Bitcoin climbed 8.7% to $69,749 on Wednesday, marking its largest single-day gain since March. The rally, fueled by U.S. Treasury bond buyback plans and a short squeeze, liquidated over $1.1 billion in positions and shifted sentiment in prediction markets.
The US Treasury is doubling government debt buybacks to stabilize the bond market after 10-year, 20-year, and 30-year yields reached 20-year highs. Meanwhile, Federal Reserve minutes reveal internal disagreement over further interest rate hikes to combat 3.4% inflation.
Ryan Michael English was sentenced to six years in prison for plotting to kill US Treasury Secretary Scott Bessent. English surrendered to police at the US Capitol in January 2025 while carrying a knife and two Molotov cocktails.
Gold prices surged across major Indian cities on August 20, 2026, as jewellers like Tanishq and Malabar raised 22k rates following a global precious metals rally driven by US Treasury liquidity support.
Bitcoin and ether surged after U.S. President Donald Trump urged Congress to pass a pro-crypto bill and a retreat in Treasury yields boosted higher-risk assets.
Hyperscale Data sold roughly 686 Bitcoin for $43.4 million in August 2026 to repay all its Morpho decentralized lending protocol loans. Despite eliminating this collateral exposure, the company warned its liquidity cannot cover operating requirements for the next 12 months.
Bitcoin surged 6% to $69,749, reaching its highest level since June 2, following a US Treasury announcement to at least double debt buyback operations to $4 billion.
Bitcoin jumped from $64,100 to near $70,000 after the US Treasury unexpectedly doubled its long-dated government debt buybacks, triggering a $1.4 billion short squeeze. However, hawkish Fed minutes and heavy upcoming bond supply pose lingering risks.
