U.S. Treasury takes actions over fears of govt’s financial health

World Today


The sale of state and local government securities isn’t something that typically makes headlines – selling them helps local authorities around the U.S. finance their daily operations.

So when the U.S. Treasury Department suspended the sale of these securities hours ago, it set off alarm bells over just how deep in the red the U.S. is right now and the potentially catastrophic consequences.

CGTN’s Owen Fairclough reports.