The U.S. House of Representatives will begin voting on the temporary funding bill at 5 a.m. Beijing time on Thursday.
Jinse Finance reported that Jake Sherman, co-founder of Punchbowl, stated: The U.S. House of Representatives will begin voting on the temporary funding bill at 4:00 p.m. local time on Wednesday (5:00 a.m. the next day in the East 8th time zone). This is to allow members of Congress time to arrive on site.
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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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