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CBO Boosts Economic Growth Forecast, Sees $1 Trillion Deficit
Stronger-than-expected U.S. economic growth that’s pushed the jobless rate to a five-decade low will contribute to an uptick in inflation this year, according to the Congressional Budget Office.
about 9 hours
Lawrence Summers Wants to Target the Rich, But Not Through a Wealth Tax
Former Treasury Secretary Lawrence Summers proposed a suite of steps the U.S. government can take to raise trillions of dollars more in revenue from the rich without adopting a wealth tax.
about 10 hours
BofA Muni-Bond Banker Fink to Seek House Seat in New York
Washington dealt a major blow to Wall Street’s municipal-bond industry with its 2017 tax changes. Now, one banker from New York says he wants to fight back from inside the walls of Congress.
about 12 hours
Euro Adoption Breakthrough Is Near, Bulgarian Central Bank Says
Bulgaria’s efforts to set itself on a firm path to adopt the euro single currency have entered the “final stretch,” its central bank chief said.
about 17 hours
Clean Energy Boom Imperiled by Argentina’s Free-Market Fizzle
A renewables pipeline of $4.8 billion is at risk under the country’s new leader. The political shift may bury lofty plans, mirroring other nations.
about 19 hours
Brussels Edition: Poland’s Trouble With the Law
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.
about 22 hours
Crunch Time for Lebanon as Cabinet Decides on Bond Payment
Crisis-ridden Lebanon finally has a government again and top of its agenda will be whether to repay a Eurobond maturing in six weeks.
about 23 hours
A Nordic Euro Member Is Losing Its Fight to Regain AAA Status
A Finnish presidential flag flies above the Presidential Palace in Helsinki, Finland, on Monday, July 16, 2018. U.S. President Donald Trump prepared to meet Russian President Vladimir Putin in
The Officials Working Behind the Scenes on India’s Budget
India’s Prime Minister Narendra Modi has taken a keen interest in the preparation of the government’s upcoming budget to help spur growth in Asia’s third-largest economy.
Venezuela Weighs Privatizing Oil in Face of Economic Free Fall
Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of its oil industry to big international
Buenos Aires Sweetens Deal for Bondholders Ahead of Deadline
The Province of Buenos Aires improved the terms it’s offering bondholders if they agree to accept delayed payments, an about-face from the cash-strapped government after its first overture failed to
The killer BBBs: Some investors are uneasy over the surge of near-junk corporate bonds
Low interest rates have fueled an explosion of BBB debt, which now makes up more than half of the investment grade universe in the U.S.
Tom Steyer Would Pay $18 Million More in Taxes Under Democrats’ Plan
Billionaire and Democratic presidential contender Tom Steyer would pay $17.9 million more in annual taxes under a plan Democrats are considering should they sweep Congress and the White House in the
Italy Establishment Has Upper Hand Again After Salvini Loss
Incumbent centre-left candidate of the Democratic Party (PD) in a regional vote in Emilia-Romagna, Stefano Bonaccini addresses a press conference on January 27, 2020 in Bologna, a day after he won
Slovenia’s Upstart Leader Seeks Bigger Mandate With Snap Ballot
Slovenian Prime Minister Marjan Sarec unexpectedly stepped down, abandoning a minority government that he said lacks sufficient support in parliament.
Populists Humiliated in Italy Vote
Matteo Salvini’s latest attempt to grab power in Italy ended in humiliation, as his right-wing populist party lost a crucial regional election, breathing new life into the ruling coalition. Italian
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Italy Populist Defeated in Key Vote, Lifting Conte Coalition
Italy’s Matteo Salvini suffered a stinging loss in a key regional vote, providing a much-needed boost to Prime Minister Giuseppe Conte’s fragile government and making a snap general election less
Myanmar Says Western Rights Pressure May Push It Closer to China
Myanmar signaled that closer ties with China offer an economic buffer if human-rights concerns cause Western nations to curb trade privileges or investment.
Eskom CEO Plans Operations Overhaul; Slower Breakup Mulled
The head of South Africa’s state power company will this week present a draft plan to change how the utility operates, as local media reported he’s considering unbundling the utility at a slower pace