The president has met Republican demands for debt reduction with a plan to trim deficits by taxing companies and the rich.
Category: Economic Conditions and Trends
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As Economy Falters, China’s New Premier Tries to Boost Business Confidence
The New York Times – Business:Li Qiang, the country’s No. 2 leader, sought to reassure entrepreneurs who have been wary of making new investments.
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Debt Default Would Cripple U.S. Economy, New Analysis Warns
The New York Times – Business: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.
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Plunge in Currency Deepens Iran’s Economic Crisis
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Fashion & Style:The popularity of fur products had been diminishing in the state even before the new ban.