Tag: Recessions and depressions
Market for newly built homes slows as elevated mortgage rates put off many home shoppers
LOS ANGELES -- Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out.After showing signs of...
Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
COLOMBO, Sri Lanka -- Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in...
Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
American consumers lost some confidence in June as expectations over the near-term future fell again.The Conference Board, a business research group, said Tuesday...
Yellen announces efforts to boost housing supply as high prices create crunch
WASHINGTON -- The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities...
Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
WASHINGTON -- The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27%...
Lawmakers seek health care and retirement protections for Steward Health Care workers
BOSTON -- A group of Democratic members of Congress, led by Sen. Edward Markey of Massachusetts, is seeking reassurances that workers at hospitals...