Economy

The government is facing a ’tricky choice' between raising taxes to fix public services or stick to its plan and cut taxes further.

Almost half of US homeowners and renters are struggling to afford their housing payments to the extent that 22 percent have begun skipping meals.

The study also reported another development with ’very scary implications’—not only for Michigan, but for the entire country.

‘Unilateral economic policy decisions in China are creating major structural difficulties for companies in Germany and Europe,’ the chancellor said.

The IMF has warned that fiscal policy tends to be looser in election years, when governments seek to boost electorate support by announcing tax cuts.

Japan is still the largest holder, while Belgium was the top buyer in February.

America’s fiscal policies have ‘profound effects’ on the international economy.

During Janet Yellen’s recent visit to China, she urged Chinese authorities to address their overcapacity problems to prevent global spillovers.

‘We’ve seen it play out this way every single time a foreign automaker plant has been unionized; not one of those plants remains in operation,” they said.

Further progress in the battle against inflation boosts expectations of interest rate cuts to be announced by the Bank of England.