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...CREDIT: PBS, ABC News Read a transcript of this episode on FT.com...
...The president pledged to enact legislation at the federal level to protect women’s rights to end a pregnancy....
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...Were Alice to wangle an honest answer out of the speaker, he would tell us that his aim is to make it impossible for the US federal government to tax the rich....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...What now for the ‘golden age’ of private credit? It was a boom year for private credit....
...Efforts on Capitol Hill to codify access to IVF nationwide hit a stumbling block this week after Republicans blocked a Democrat-led bill to provide federal protections for the treatments....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Trump’s role in the January 6 2021 storming of Capitol Hill would seem to fit what the law’s framers had in mind....
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...For more on the US presidential election, listen to this week’s Swamp Notes podcast, where the FT’s Rana Foroohar and Taylor Nicole Rogers discuss why unions may decide the race....
...Pence has long campaigned for a federal abortion ban, clearly detests gay marriage, and would not be out of place in another far-fetched drama, The Handmaid’s Tale....
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...At the same time, congressional leaders from his La Libertad Avanza coalition (LLA) are demonstrating a more pragmatic approach, said Alejandro Cacace, parliamentary secretary for the centrist bloc Union...
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...Students at Munich’s technical university are able to take part in programmes at UnternehmerTUM as part of their degrees, where they are able to receive the same amount of credits as for an academic course...
...Federal Reserve vice-chair for supervision Michael Barr had gold-plated the Basel rules, provoking a fierce backlash from Wall Street’s finest....
...The US president sought to ease the pressure on would-be homeowners through tax credits outlined in this month’s State of the Union address, but that benefit is unlikely to have as big an impact as lowering...
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...The divergence between European and US credit spreads has played out primarily at the weakest end of the credit quality spectrum....
...And here’s what I’m keeping tabs on today: Federal Reserve: The US central bank begins a two-day meeting to decide interest rates. It is expected to keep borrowing costs at their current 23-year high....
...(There is a parallel with the US economy where state bank licensing regimes coexist with a set of federal licensing rules.)...
...Haley’s exit prompted Republican Senate leader Mitch McConnell to endorse Trump, despite having called him a “despicable human being” after the storming of Capitol Hill three years ago....
...The recovery in global corporate bond and loan markets began after the Federal Reserve signalled it sees a path to cutting interest rates later this year....
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