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Fed enlists six major banks for climate risk analysis

The Federal Reserve Board announced Thursday that it will conduct a climate risk analysis involving six of the largest U.S. banks beginning next year. ....

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Larry Summers slams UK tax cuts as 'utterly irresponsible,' warns of global crisis

The British government's sweeping package of tax cuts has damaged the nation's credibility as an economic superpower, Treasury Secretary Larry Summers said. ....

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States tap historic surpluses for tax cuts and rebates

This year, 31 states have enacted some form of tax cut or rebate. Missouri and Idaho are likely to increase this number aiming to relieve constituents of high inflation. ....

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Tough times are ahead in Biden's economy. Here's your recession checklist

The US economy is showing signs of a recession. The signs point to an economy that will get worse by the end of the year. Here's how you can be prepared. ....

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Recession fears spike among CEOs, with 60% forecasting economic downturn

Recession fears are surging among global executives, with a majority predicting a looming downturn as a result of soaring inflation and rising interest rates, a new survey shows. ....

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