- Treasury Secretary Janet Yellen says the U.S. can afford to support both Israel and Ukraine simultaneously
- The White House is seeking Congressional funding to aid both countries
- Investors have shown less interest in U.S. Treasurys recently
- Growing budget deficits and Federal Reserve actions have contributed to the decline in bond yields
- The federal budget deficit for the September-ending fiscal year was $1.69 trillion
Treasury Secretary Janet Yellen has stated that the United States has the financial capability to support both Israel and Ukraine at the same time. The White House is currently seeking Congressional funding to provide aid to both countries, although this has been challenging due to disagreements in the House of Representatives. Investors have shown less interest in U.S. Treasurys recently, with bond auctions experiencing tepid demand. This decline in demand can be attributed to growing budget deficits and actions taken by the Federal Reserve, such as quantitative tightening and interest rate hikes. In the September-ending fiscal year, the federal budget deficit reached $1.69 trillion, an increase from the previous year.
