Economy

The labor market in the United States continued to defy expectations in May, adding 339,000 new jobs. The figure was far above what economists had expected and signals that ongoing efforts to cool the economy and lower inflation are having,…
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President Joe Biden delivered remarks Friday evening on the Fiscal Responsibility Act, bipartisan legislation achieved following weeks of tough negotiations that suspends the government’s debt limit and avoids a potentially disastrous…
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Following weeks of tough negotiations, President Joe Biden highlighted his ability to achieve bipartisan compromise with Republicans, a theme he is set to revisit in his 2024 reelection campaign, in remarks Friday evening on the passage of…
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President Joe Biden is set to sign the Fiscal Responsibility Act, legislation that suspends the U.S. government’s debt limit through January 2025 and avoids a potentially disastrous default on U.S. financial obligations. He is scheduled…
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The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.  Friday's report from the…
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A combination of crises, including high indebtedness, global inflation, the war in Ukraine, and a slow recovery from the COVID-19 pandemic has left many countries in the developing world without sufficient employment opportunities to…
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Zimbabwe's government has instituted several measures it says will increase demand for the local currency and raise its value, as well arrest demand for the U.S. dollar. But as Columbus Mavhunga reports from Harare, economists say the new…
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The U.S. Senate could vote as soon as Thursday on a measure to suspend the government’s borrowing limit until early 2025 to avert a first-ever default when the United States in four days runs out of cash to pay its bills. The House of…
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The U.S. House of Representatives approved legislation to suspend the government’s borrowing limit until early 2025, a step toward averting a Washington political showdown five days before the country could run out of money to pay its…
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The U.S. House of Representatives is moving toward a Wednesday evening vote on legislation to suspend the government’s borrowing limit until early 2025, a Washington political showdown occurring just five days before the country could run…
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