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Tag: warn

High U.S. deficit poses risks to global economy, but spending cuts won\’t be easy

wangxiao04/29/20240

WASHINGTON, April 25 (Xinhua) — With the U.S. government showing no sign of containing its spending in an election year, economists and observers have warned that high U.S. deficit poses risks to the

Stocks fall on European markets as fears of U.S. debt default grow

wangxiao05/25/20230

ROME, May 24 (Xinhua) — Fears of a potential United States government loan default weighed heavily on European Union (EU) financial markets on Wednesday, with major stock exchanges down across the co

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