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Last updated: 2026-08-25 21:46:29 ET
The ruling is not the final word in a fast-moving legal fight over the administration’s efforts to change voting rules before the midterms.
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Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.
Stocks fell and bond yields jumped on Thursday. The Treasury Department is trying to keep a lid on government borrowing costs but with limited success so far.
Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.
Abu Dhabi is hoping that a trade embargo will force Tehran to surrender.
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