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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.