US Economy
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Why Americans are feeling the economic gloom — and thinking about deflationDeflation -- a widespread drop in prices -- typically makes people and companies reluctant to spend and therefore isn't desirable.ConsumerNov 19, 2023
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U.S. government shutdown looking more likely. What would the impacts be?A shutdown of federal government operations may have wide-ranging impacts on military operations, employee paycheques, and the U.S. and Canadian economies.EconomySep 26, 2023
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Biden touts jobs record, union support amid economic worries and looming strikeBiden addressed union workers in Philadelphia as he seeks to make the argument his economic policies are working to a public worried about the economy.U.S. NewsSep 4, 2023
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The U.S. credit rating has been downgraded again. What does that mean?Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.U.S. NewsAug 2, 2023
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What’s ‘Bidenomics’? U.S. president touts success amid public skepticismBiden said his policies were sparking recovery after Republican policies had crushed America's middle class, but a new poll said only one in three U.S. adults agree.U.S. NewsJun 28, 2023
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The U.S. debt ceiling impasse is making Canadian economists nervousAs negotiations in Washington stall, economists tell Global News the fight over U.S. government spending and debt may have long-term ramifications on investor confidence.EconomyMay 19, 2023
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New warning U.S. may default in a month without debt deal restarts talksJanet Yellen urged congressional leaders "to protect the full faith and credit of the United States by acting as soon as possible" to address the $31.4 trillion borrowing limit.U.S. NewsMay 1, 2023
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McCarthy ties U.S. debt ceiling deal to spending cuts, other Republican prioritiesIn a high-profile speech at the New York Stock Exchange, the U.S. House speaker said Biden is "missing in action" as the deadline nears to raise the debt limit.U.S. NewsApr 17, 2023
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U.S. could default this summer if debt ceiling deal not reached, budget office warnsThe Congressional Budget Office said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September unless a deal is reached.U.S. NewsFeb 15, 2023
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The U.S. has hit its debt ceiling. How could Canada be impacted if a deal isn’t reached?U.S. officials have given lawmakers until June to reach a deal to raise its borrowing limit, but experts are split on whether the fight will spark an economic crisis in Canada.EconomyJan 19, 2023
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