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Connecticut Surplus Deposits to State Pensions Top $11B

Bloomberg's Martin Braun joins Scarlet Fu on "Bloomberg Deals." Connecticut transferred about $1.3 billion in excess revenue this latest fiscal year to underfunded state employees' and teachers' pensions, bringing surplus deposits to more than $11 billion over the last seven years, state Treasurer Erick Russell said Tuesday.

Read more: Connecticut Surplus Deposits to State Pensions Top $11B
Bloomberg
Financial

Data Center Construction Should Be Decided At 'Local Level' Says Beth Van Duyne

Republican Representative from Texas Beth Van Duyne said that decisions around data center construction should be made at the local level and that local governments and constituents should have conversations about the reality of the impact on the ground, but that she does not see it as a federal issue. The Congresswoman also discussed the midterm races in Texas and said that she expects more PAC money to flow into statewide races.

Read more: Data Center Construction Should Be Decided At 'Local Level' Says Beth Van Duyne
Bloomberg
Financial

Jim Jordan Sidesteps Trump Payout Support, Wants to See Proposal

Republican Representative from Ohio Jim Jordan stopped short of supporting President Trump's pledge to give all adult Americans $5,000 if the Republicans win the midterm election and said that he would want to 'see the proposal.' The Congressman also discussed his priorities for the midterm election, saying that he is focused on helping Republican candidates across the country win their races, including embattled Ohio congressman Max Miller.

Read more: Jim Jordan Sidesteps Trump Payout Support, Wants to See Proposal
Bloomberg
Financial

Pretty Far From 'Liz Truss Moment': Herr

Mike Contopoulos, head of multi-asset macro investing at Janus Henderson, and Kay Herr, US CIO of US GFICC JPMorgan Asset Management, join Scarlet Fu on "Bloomberg Deals." Yields on US government bonds rose to fresh multiyear highs as oil prices extended their surge, prompting traders to add to bets that the Federal Reserve will raise interest rates as soon as next week.

Read more: Pretty Far From 'Liz Truss Moment': Herr
Bloomberg
Financial

Rahm Emanuel Says Bessent's Rhetoric Overshoots His Actions

Rahm Emanuel, who served as Ambassador to Japan under President Obama, said that Scott Bessent's rhetoric around the economy and the US backing of the Japanese Yen is 'harder than his action' and 'overshoots' his capacity to deliver. Emanuel also discussed the midterm elections and said that the American people will see through Trump's $5,000 dividend 'gimmick.'

Read more: Rahm Emanuel Says Bessent's Rhetoric Overshoots His Actions