0932 GMT - The U.S.'s ability to repay its debt remains intact, UBS Global Wealth Management says in a note. It expects the U.S. house to approve President Trump's economic policy agenda, although the non-partisan Congressional Budget Office estimates the bill will add $800 billion more to the national debt than the initial House version over the coming decade, UBS GWM says. "But we think the U.S. remains able to manage its debt," UBS GWM says. The Federal Reserve's credibility, the U.S. dollar's reserve status, deep and liquid Treasury markets, Fed balance sheet holdings, and bank capital regulations could all help finance the deficit, it says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 03, 2025 05:32 ET (09:32 GMT)
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