For years, Democrats and Republicans have proposed bills to address the greatest threats posed by artificial intelligence. Many remain stymied by political disputes.
Category: United States Economy
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Warsh Set for Showdown With Trump as Fed Faces Pressure to Raise Rates
The New York Times – Business:The Federal Reserve is expected to raise interest rates on Wednesday, putting Kevin M. Warsh, the chairman, at odds with the administration just before the midterms.
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Bond Market Rebukes Bessent by Sending Borrowing Costs Ever Higher
The New York Times – Business:The Treasury secretary dared “Bloomberg terminal bros” to bet against him and they did.
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10-Year Treasury Yield Reaches 5%, Highest Level in Years
The New York Times – Business:One of the world’s most important interest rates hit a level recorded only once since the global financial crisis, as investors continued to rebuff the Trump administration’s efforts to sway the bond market.
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Inflation Complicates Trump’s Midterms Pitch to Voters
The New York Times – Business:Gas prices are high, mortgage rates are climbing and inflation remains well above target, complicating the president’s midterm appeal.
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Elevated Inflation Keeps Pressure on Fed to Raise Rates
The New York Times – Business:The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.
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Why Emerging Powers Keep Joining BRICS, Even When They Disagree
The New York Times – On the Runway:Leaders of emerging economies meet in New Delhi this weekend, but global conflicts and soaring energy prices threaten to undermine unity.
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Some Republicans Balk at Trump’s $5,000 ‘Dividend’ Offer
The New York Times – On the Runway:The president’s call to send a $5,000 “dividend” to every American adult if Republicans win the midterms disturbed some members of his party.
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Trump Wants to Give Out $5,000 Checks. It Would Cost More Than $1 Trillion.
The New York Times – On the Runway:The president’s pledge to hand every American adult a “dividend” if Republicans keep control of Congress in the midterm elections raises questions.
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Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields
The New York Times – Business:Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.
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Canada Imposes New Tariffs on U.S. Goods, as Trade War Intensifies
The New York Times – Business:The duties are a retaliation against President Trump’s recent tariffs, raising concerns about further escalation.