China’s Economy Grew More Than Expected Over the Summer

China’s Economy Grew More Than Expected Over the Summer

The government spent heavily on infrastructure, state-owned banks financed a boom in factory construction and consumers spent more, but the housing sector stumbled.
State and Local Governments Have Billions in Pandemic Aid Left to Spend

State and Local Governments Have Billions in Pandemic Aid Left to Spend

Two years after the federal government approved $350 billion in emergency funding for states and localities to respond to the public health crisis, much of the funds have not been used.