UBS: The ability of the United States to repay its debt is not at risk

UBS Global Wealth Management said in a report that the United States' ability to repay its debt remains intact. UBS said it expects the U.S. House of Representatives to approve President Trump's economic policy agenda, although the non-partisan Congressional Budget Office estimates that the bill will add $800.00 billion in national debt over the next decade compared to the House's original version. "But we believe the U.S. still has the ability to manage its debt," UBS said. The report said that the Federal Reserve's credibility, the dollar's reserve status, the depth and liquidity of the U.S. Treasury market, the Federal Reserve's balance sheet holdings, and bank capital regulation could all help fill the deficit. (Golden Ten) [Odaily Planet Daily]