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Policy● Neutral for Indian equities
White House moves to block $810 million in funding through pocket rescission
The brief
- White House seeks to block $810 million in appropriated funds
- The move comes days before the fiscal year ends and faces objections
- Trump cancels nearly $1bn in US spending using rare ‘pocket rescission’ power: What is it?
- Trump seeks to withhold $800 million in Congress-approved funds
- Indian 10-year bond yield hits a four-month high ahead of ₹34,000 crore auction
- US long-term borrowing costs touch highest level since 2004