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16 May 23
The US government might not be able to pay all of its obligations within a month if politicians do not raise the country’s ‘debt ceiling’.
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25 Aug 22
US president Joe Biden will cancel up to $10,000 of many graduates’ federal student loans to help lighten an “unsustainable” burden on millions of working people.
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5 May 22
US president Joe Biden has boasted he will make an unprecedented reduction to the government deficit and pay down the national debt for the first time since 2016, taking aim at his predecessor Donald...
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23 Apr 21
Joe Biden’s pledge to spend $5.7bn each year helping developing countries deal with climate change has been criticised for lagging behind promises from other nations.
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12 Feb 21
US president Joe Biden’s plan to raise the minimum wage in the US would lift nearly one million people out of poverty, but would also result in a large increase to the budget deficit, a government...
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22 May 20
The US spending watchdog has told the government it could save tens of billions of dollars by reducing overlap and duplication in its programmes.
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24 Apr 20
The US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
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24 Mar 20
The coronavirus outbreak will cause the US economy to contract by 24% in the second quarter of 2020, according to Goldman Sachs’ latest predictions, as the government prepares a $2trn stimulus...
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24 Jan 20
Healthcare was a big driver in the outcome of the recent US mid-term elections. But could the Democrats’ vision of a truly reformed healthcare system ever become a reality?
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16 Dec 19
The trade war between the US and China appears to have cooled, with a ‘phase one’ agreement having been agreed by both countries.
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12 Dec 19
The US economy will stand “on firmer ground” in 2020 than it did this year, experts at Goldman Sachs have predicted.
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5 Nov 19
The US has started the formal process to leave the Paris Agreement in a year, becoming the only country in the world to exit the landmark climate change pact.
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24 Jan 18
The US has approved tariffs on imported washing machines and solar panels in efforts to protect local manufacturers from foreign competition.
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31 Aug 17
The US’s real gross domestic product has increased at a higher rate than expected despite falls in state and local government expenditure, its Commerce Department has said.
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19 May 15
Central American countries are now eligible to join a World Bank-backed insurance scheme that offers protection for government finances in the event of natural catastrophes such as hurricanes,...
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8 Sep 14
Robert Reich