As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.
Category: Economic Conditions and Trends
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Plunge in Currency Deepens Iran’s Economic Crisis
Years of Western sanctions are partly to blame for the crisis. But economists say poor management by the country’s authoritarian clerical rulers also plays a big part.
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China’s Economy Will Expand About 5 percent, A Cautious Target
Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.
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What to Expect at China’s National People’s Congress as Xi Tightens Grip
When its top legislature meets, Beijing will lay out a vision for reviving economic growth and strengthening the Communist Party’s grip after a chaotic reopening.
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Eurozone Inflation Edges Lower, but Pressure on Prices Continues
The annual rate of inflation was 8.5 percent in February, down from 8.6 percent a month earlier, among countries using the euro.
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China’s Factories Report Surge in Activity After Lockdowns End
Manufacturing activity rose in February to its highest level in more than a decade, bolstering China’s recovery after restrictions paralyzed much of the country.
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Bao Fan, Banker in China Who Vanished, Is Said to Be Aiding Inquiry
In a filing on Sunday, China Renaissance Bank said that its C.E.O., Bao Fan, was “cooperating in an investigation” by Chinese authorities.
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War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
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Fur Sales Are Illegal in California. Does Anyone Care?
The popularity of fur products had been diminishing in the state even before the new ban.
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China’s Cities Are Cutting Health Insurance, and People Are Angry
Local governments, short on money after three years of “zero Covid” and faced with many more retirees, are raising costs and overhauling benefits.
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Tech Leaders in Israel Wonder if It’s Time to Leave
Ahead of a judicial overhaul that could transform the country and frighten away investors, the executives of Start-Up Nation are mulling an exodus.