TechFlow, July 3 — According to Jinshi Data, UBS Global Wealth Management stated in a report that the United States' ability to repay its debt remains intact. UBS expects the U.S. House of Representatives to approve Trump's economic policy agenda, despite the nonpartisan Congressional Budget Office estimating that the bill would add $800 billion to the national debt over the next decade compared to the House's original version. "But we believe the U.S. still has the capacity to manage its debt," UBS said. The report noted that the Federal Reserve's credibility, the dollar's reserve currency status, the depth and liquidity of the U.S. Treasury market, the Fed's balance sheet holdings, and bank capital regulations could all help finance the deficit.
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