Navigating Economic Uncertainty: Treasury Yields Rise Amid Data Gaps and Trade Optimism
Economic Indicators in Flux as Government Shutdown Persists U.S. Treasury yields have edged higher this week as market participants grapple…
Tag: Democratic Party (United States)
Healthcare Policy Paralysis: How GOP’s Internal Rift Threatens Political Future Amid Shutdown
GOP’s Healthcare Conundrum Deepens as Shutdown Drags On As the federal shutdown enters its fourth week with no resolution in…
Salesforce CEO Retracts Support for Trump’s Military Deployment Plan Following Internal Backlash
Salesforce CEO Marc Benioff has walked back his endorsement of Donald Trump’s proposal to deploy National Guard troops to San Francisco. The reversal comes after significant internal backlash, including the resignation of prominent venture capitalist Ron Conway from the company’s philanthropic arm.
Executive Reversal Following Internal Pressure
Salesforce chief executive Marc Benioff has publicly retracted his support for former President Donald Trump‘s proposal to deploy military troops to San Francisco, according to reports. The reversal follows significant employee backlash and the resignation of a key figure from the company’s philanthropic foundation board.
Government Shutdown Costing U.S. Economy $15 Billion Daily, Treasury Secretary Warns
The ongoing federal government shutdown is reportedly costing the U.S. economy approximately $15 billion per day in lost output, according to Treasury Secretary Scott Bessent. The Treasury chief warned the shutdown is beginning to “cut into muscle” of the economy despite what he described as sustainable investment growth in areas including artificial intelligence.
Shutdown’s Economic Impact Reaches $15 Billion Daily
The two-week-old federal government shutdown is costing the U.S. economy approximately $15 billion daily in lost output, Treasury Secretary Scott Bessent stated Wednesday. According to reports from Washington, Bessent put this specific estimate on the economic toll while urging Democratic lawmakers to “be heroes” and side with Republicans to end the impasse.