US Treasury Sec. Mnuchin: US cannot continue to spend at current rate
|The United States' economy could handle deficits at this point but government spending issues need to be addressed over time, US Treasury Secretary Mnuchin told CNBC on Wednesday. "The US cannot continue to spend at the current rate," Mnuchin added.
Regarding the US-Iran conflict, Mnuchin noted that Iran sanctions were working and said that they are looking forward to working with European partners to snap Iran sanctions back in place.
These comments don't seem to be having a significant impact on market sentiment. As of writing, the 10-year US Treasury bond yield was down 1% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.