Treasury Department – Page 27

Biden Orders Ban on U.S. Investments in China’s Sensitive High-Tech Industries

The new limits, aimed at preventing American help to Beijing as it modernizes its military, escalates a conflict pitting the world’s two largest economies against each other.

By Peter Baker and David E. Sanger

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White House Hits Back on Fitch Credit Downgrade, Protecting Biden

The president’s team has mobilized to counter the downgrade of Treasury debt by the Fitch Ratings agency, rushing to defend the story of an improving economic outlook.

By Jim Tankersley

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Markets Still Weigh the Meaning of a U.S. Credit Rating Cut

Stocks were down and Treasury yields were up after Fitch Ratings’ downgrade. But the biggest effects of the move may play out over time.

By Andrew Ross Sorkin Ravi Mattu Sarah Kessler Michael J. de la

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Debt Downgrade, Driven by Partisanship, Is Unlikely to Deter Borrowing

Fitch’s credit-rating decision stemmed from concerns about America’s ability to govern itself, along with the nation’s growing debt load.

By Joe Rennison and Alan Rappeport