31st May 2023

  • Summers Sees Higher Fed Interest Rates, Increased US Taxes

Fed may need to raise rates by half point or more, he says

Ex-Treasury chief sees unprecedented long-run fiscal challenge

https://blinks.bloomberg.com/news/stories/RVI216DWX2PS

  • McCarthy Confident on Debt Vote Despite Hard-Line Ouster Threat

Ultra-conservatives threaten revenge on speaker for debt deal

McCarthy says his job is secure, debt deal ‘easy vote’ for GOP

https://blinks.bloomberg.com/news/stories/RVHZWYT0AFB4

  • Biden-McCarthy Debt Deal Puts Government Services on a Diet

Federal agencies can expect cuts relative to inflation

Deal barely dents US budget deficits over the next decade

https://blinks.bloomberg.com/news/stories/RVI18BDWLU68

  • Fed’s Barkin Says He’s Seeking Evidence Demand Is Coming Down

Officials next meet to decide interest rates June 13-14

Richmond Fed chief says inflation rate remains too high

https://blinks.bloomberg.com/news/stories/RVHDS6T0AFB4

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