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“The most important text in history”: Trump rejoices after the vote of his budget law (which should exploit the deficit)

Adopted this Thursday in the reprisals, the Budget Law presented by Donald Trump could prevent US debt.

Donald Trump praised on Thursday the morning passage in the American representatives of his megaproject of budgetary law, which especially includes the extension of the gigantic fiscal credits of his first mandate.

The budget bill makes interest rates of American public loans stretch strongly, a sign of a resurgence of investors on the scope of the country’s debt.

The yields of the United States debt more than thirty years reached around 11:40 AM GMT 5.13%, compared to 5.09% on Wednesday night and 4.97% the previous day.

If it ends on this threshold, it would be a level never seen since the beginning of the financial crisis in 2007.

The interest rate was developed for ten years, around 4.61%, after having flambé the day before 4.49%to 4.60%, to the maximum since February.

An increase in deficit

The trigger for the outbreak was an issue of 20 -year bonds lower than expected on Wednesday, “inform the possible concern for the will of investors to take care of the government’s debt,” according to information analysts.com.

The increase resumed the most beautiful Thursday, after the US Chamber of Representatives adopted the “megaproject” of the Budget Law sought by Donald Trump, who hopes to make certain promises of the flagship campaign, such as the extension of giant tax credits for his first mandate on Thursday.

Deficit of 2,000 to 4,000 billion

Donald Trump’s budget bill could increase the American deficit, around 2,000 billion to 4,000 billion dollars during the next decade, according to several independent analysis.

At the beginning of April, fears on customs duties imposed by Trump had already led to an increase in fees, heavy for a disagreement of investors to the United States assets.

This episode comes a few days after the demarcation of the United States debt note by the Moody’s agency.

Author: HC with AFP
Source: BFM TV

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