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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 11 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 11 hours
ECB’s Hernandez de Cos Says WTO Needs Makeover to Stay Relevant
Pablo Hernandez de Cos, general director of Economics Statistics and Research at Spain's central bank, arrives for a dinner during the Jackson Hole economic symposium, sponsored by the Federal Reserve
about 12 hours
No End to Brexit Blight for Economy as Britain Leaves the EU
Brexit uncertainty could plague the British economy for years to come after the U.K leaves the European Union this week, new research claims.
about 13 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 14 hours
Lighthizer to Talk Trade Deal With India Before Trump Visit
U.S. Trade Representative Robert Lighthizer will be in India in the second week of February to finalize a trade deal ahead of President Donald Trump’s expected visit, according to people with
about 19 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 19 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 20 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.
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.
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
Wall Street Venture-Fund Curbs to Be Eased in Volcker Revamp
Wall Street banks would face much looser restrictions on investing in venture-capital funds under regulators’ latest rollback of the Volcker Rule, according to three people familiar with the matter.
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
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
Merkel Aims for West Balkan-EU Agreement With Macron by March
German Chancellor Angela Merkel wants to reach an agreement with French President Emmanuel Macron for Albania and North Macedonia to begin accession talks with the European Union at the meeting of 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