Bloomberg Business

China Kicks Off $137 Billion Plan to Tackle LGFV Debt Risk

China has begun a program to allow local governments to swap so-called “hidden” debt for bonds carrying lower interest costs, as it seeks to defuse risks from $9 billion of off-balance sheet borrowing.

GOP Presidential Hopefuls Blame Trump, Biden for Busting Budget

Republican presidential candidates blamed Donald Trump and Democrats for the deficit spending that’s driving the threat of a government shutdown, striking a rare moment of agreement in the second debate of the 2024 campaign.

Trump Skips Republican Debate to Woo Blue-Collar Workers in Detroit

Former President Donald Trump attacked the Biden administration’s push for electric vehicles in a bid to woo blue-collar voters in the battleground state of Michigan, saying it will lead to the “assassination” of the automobile industry and lost jobs to China.

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