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Top Biden negotiator concerned about debt ceiling precedent

One of President Biden’s chief negotiators in the debt ceiling standoff with Republicans said Wednesday she was concerned about the precedent set by the talks. Shalanda Young, director of the White House Office of Management and Budget (OMB), who was among the small group of negotiators, told Axios economics reporter Courtenay Brown the debt ceiling…

Top Fed official: The low interest rate era will make a comeback

The era of rock-bottom interest rates will return to the global economy, according to new research from New York Fed president John Williams.

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