China

Did Trump get his 'Big Beautiful Bill' at the United States dollar's expense

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The passage of a sprawling budget bill has raised concerns over the long-term debt of the United States, which analysts said could compound already heightened worries over the reliability of the country’s currency as a safe-haven asset.Winning a narrow 218-214 vote in the House of Representatives on Thursday, the “One Big Beautiful Bill Act” – which raises spending on border security and defence while making the record tax cuts enacted in 2017 permanent – now heads to US President Donald Trump...




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Category: China