Clock Ticking to Avoid US Debt Default

U.S. lawmakers will have three weeks to raise America’s $20 trillion borrowing limit and avert a potential debt default when Congress gets back to work next month — the first such deadline to occur during the Trump administration.   If recent history is a guide, raising the debt ceiling will be …

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Venezuela Exchange Rate Fluctuation Sparks Price Surge

The extreme volatility of Venezuela’s exchange rate has the crisis-hit country’s shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the bolivar currency fell around 70 percent on the black market, according to DolarToday, the opaque U.S.-based website that dictates the …

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US Oil Industry Pushes Back on Sanctions Against Venezuela

The Trump administration’s decision on Wednesday to slap sanctions on eight members of Venezuela’s all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for human rights abuses and violations of democratic norms since anti-government protests began in April. But even as the list of targeted individuals grows …

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China’s Ethnic Yi Struggle Against Poverty

For Jisi Lazuo, the torch festival in her village in southwest China should be a celebration involving colorful ethnic clothes and eating freshly slaughtered pig. Instead, it’s a time of stress. “In my heart I always get worried when the torch festival comes along,” said Jisi, 37, who supports a …

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Cuba: Private Sector Freeze Will Not Last Years

The Cuban government said on Monday the freeze on new licenses for some private-sector occupations would not last years, in an attempt to reassure citizens worried about an apparent pause in the liberalization of the economy. Communist-run Cuba last week said it was suspending issuing licenses for popular activities like …

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