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BOGOTA, April 7 (Reuters) – Colombian President Gustavo Petro said on Tuesday evening that his government would submit an economic emergency decree and a new tax reform bill to Congress to balance the 2026 budget. The president said that if Congress did not approve his economic proposals, Source: usnews.com
U.S. consumers are facing rising costs as the war in Iran drags on, and the Strait of Hormuz remains closed to a significant portion of trade. Gas prices have been the most obvious result, as the U.S. national average cost of a gallon of gas reached $4.14 today, the highest it’s been since 2022 and […]
Marty owns an appliance store in Woodbridge, and he, like many Northern Virginian business owners, is concerned about the policies coming out of Washington and Source: wjla.com
China’s “petroyuan” system is a player in a way that it wasn’t before. Source: fortune.com
The disruptions caused by the Iran war will significantly impact our cost of living. Source: nytimes.com
The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red. Source: fortune.com
Jamie Dimon, CEO of JPMorganChase, the nation’s largest bank, has a financial stake in almost everything. Unlike many CEOs, he says it’s his job to speak out on many things.This week, Dimon released his annual letter to shareholders — a document that comments on banking issues and also assesses risks to the economy, from inflation […]
Voters are increasingly souring on President Donald Trump’s handling of the economy as gas prices continue to surge amid the war with Iran. Source: 13wham.com
Austan D. Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, says consumer spending has helped the U.S. economy keep growing. Source: freep.com
Beijing won’t shout about it, but the American and Israeli attacks on Iran stand to benefit President Xi Jinping — by helping fend off the specter of deflation. The conflict may do some of the Chinese central bank’s work for it. Once a fairly uncontroversial prediction, interest-rate cuts look less of a sure thing. Source: […]
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