A $180 Billion Program to Spur Government Spending is Backfiring

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States and cities are refinancing bonds and causing investor ire because of federal budget cuts more than a decade ago.

Oil Driller’s 1,400% World-Beating Rally Hinges On Milei ReformsLosses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate DebtGerman Activity Reaches One-Year High as Factory Slump EasesGoogle Picks Southern Indian State for Smartphone ProductionEU Fines Mondelez €337.5 Million for Curbing Cross-Border SalesGerman Office Market Slump Deepens With Deals at 15-Year LowIMF Calls Zimbabwe Switch to Gold-Backed ZiG an ‘Important’ StepNew York City’s Tourists Fuel Record $4.

83 BillionKenya President Ruto Visits White House in First African State Visit in 16 YearsRio Tinto, Japan and AI Feature at Sohn Forum in Hong KongFreeland says capital gains proposal will be tabled before summer breakFood driving inflation lower, but groceries much more costly than a few years agoThe Daily Chase: Inflation eases once moreChinese-made Teslas pour into Canada as Biden erects U.S. tariff wallBlackRock's Rieder says cut, not hike, would tame U.S.

 

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