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2 days ago | 
news.bloombergtax.com | Alexandra Harris
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 days ago | 
bloomberg.com | Alexandra Harris
Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, DC, on June 25. (Bloomberg) -- Federal Reserve Chair Jerome Powell said a proposal to eliminate the interest paid to banks that deposit cash at the central bank would not save money, and moving back to a scarce reserves regime would be challenging and risk volatility.
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2 days ago | 
news.bloomberglaw.com | Alexandra Harris
JPMorgan strategists now see the US Treasury exhausting its borrowing authority sometime at the beginning of September after the stronger-than-expected tax takeup this month. • Corporate tax receipts disappointed, with only $60 billion collected over the five days surrounding the date, versus $74 billion in 2024.
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4 days ago | 
bloomberglinea.com.br | Alexandra Harris |Kent Nishimura
Bloomberg — A corrida para fundos “money market” nos Estados Unidos tem mostrado poucos sinais de desaceleração, no momento em que esses fundos de curto prazo atingem um recorde de US$ 7,4 trilhões em ativos. Os fundos “money market” (mercado monetário) são fundos com cotas negociadas em bolsa que aplicam em ativos de alta liquidez, como moedas, papéis equivalentes a moedas e títulos de curto prazo com baixo risco de crédito, como títulos do Tesouro americano.
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4 days ago | 
bloomberg.com | Alexandra Harris
(Bloomberg) -- The rush of cash into the US money-market funds is showing few signs of slowing as it secured a record $7.4 trillion in assets. Investors have poured more than $320 billion into the funds so far this year, according to Crane Data LLC, making it one of the biggest benefactors of the Federal Reserve’s current monetary policy.
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4 days ago | 
news.bloombergtax.com | Alexandra Harris
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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4 days ago | 
news.bloomberglaw.com | Alexandra Harris
The rush of cash into the US money-market funds is showing few signs of slowing as it secured a record $7.4 trillion in assets. Investors have poured more than $320 billion into the funds so far this year, according to Crane Data LLC, making it one of the biggest benefactors of the Federal Reserve’s current monetary policy.
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4 days ago | 
ca.finance.yahoo.com | Alexandra Harris
(Bloomberg) -- The rush of cash into the US money-market funds is showing few signs of slowing as it secured a record $7.4 trillion in assets. • None One Architect’s Quest to Save Mumbai’s Heritage From DisappearingInvestors have poured more than $320 billion into the funds so far this year, according to Crane Data LLC, making it one of the biggest benefactors of the Federal Reserve’s current monetary policy.
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2 weeks ago | 
news.bloomberglaw.com | Alexandra Harris
The US government paid the most to sell eight-week Treasury bills in more than six months on Thursday, the latest sign of growing concern over a potential default should Congress fail to lift or suspend the debt ceiling. The government sold $55 billion of the securities maturing on Aug. 12 at 4.38%. That’s the highest for the benchmark issue since Nov. 27, data compiled by Bloomberg show.
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2 weeks ago | 
news.bloomberglaw.com | Steven Dennis |Alexandra Harris
Texas Senator Ted Cruz pitched Republican senators Wednesday on ending the Federal Reserve’s authority to pay interest to banks, claiming it would save $1.1 trillion over a decade, with members of the party’s conservative flank lauding the idea. “I made the case directly to the president in the Oval Office last week, I made the case at lunch today,” Cruz said in an interview at the Capitol.
