US Treasury Secretary Bessent, on government funding, says the US does not need another shutdown; would like to see the Clarity Act pass before Congress goes home
Secretary Bessent's remarks underscore the government's focus on avoiding another funding impasse, which could have significant implications for market stability and investor sentiment.
UK PM Burnham says “we've got to show that our commitment to the fiscal rules is real and we're prepared to make difficult decisions in relation to that", Bloomberg's Wickham reports
A very large crude carrier has made a U-turn in the southern Red Sea after warnings from Houthi rebels in Yemen that they would target ships heading to or from Saudi ports, reports Bloomberg
US Treasury Secretary Bessent, on government funding, says the US does not need another shutdown; would like to see the Clarity Act pass before Congress goes home
US BROKER MOVES: RL upgraded at Raymond James; ADBE, INTU, and CRM downgraded at Morgan Stanley
US Treasury Secretary Bessent, on trade with Canada, says "this is just reciprocity"; adds that Canada is highly discriminatory on dairy, alcohol, and drinks
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The push for the Clarity Act suggests an intention to enhance fiscal transparency, potentially influencing future policy discussions and market expectations as Congress approaches its recess.
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