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Pastries and Persuasion: How a Global Tax Deal Got Done

Mr. Grinberg, a tax law professor at Georgetown University who worked in the Treasury Department during the Bush and Obama administrations, was initially viewed with skepticism by some progressives, who […]




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Persistent Inflation Threatens Biden’s Agenda

WASHINGTON — At least once a week, a team of President Biden’s top advisers meet on Zoom to address the nation’s supply chain crisis. They discuss ways to relieve backlogs […]




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Stocks Hit a Record as Investors See Progress Toward a Spending Deal

Wall Street likes what it’s hearing from Washington lately.The S&P 500 inched to a new high on Thursday, continuing a rally aided by signs of progress in spending talks that […]




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Biden’s Plans Raise Questions About What U.S. Can Afford Not to Do

WASHINGTON — As lawmakers debate how much to spend on President Biden’s sprawling domestic agenda, they are really arguing about a seemingly simple issue: affordability.Can a country already running huge […]




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As Western Oil Giants Cut Production, State-Owned Companies Step Up

Kuwait announced last month that it planned to invest more than $6 billion in exploration over the next five years to increase production to four million barrels a day, from […]




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Why Does Everyone Suddenly Care About Supply Chains?

Globalization may have lifted hundreds of millions of people out of poverty, but to its critics, it has long been a dirty word. They associate it with enhancing corporate power, […]




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Global Tax Agreement Will Set 15% Minimum Rate

More than 130 nations agreed on Friday to a sweeping overhaul of international tax rules, with officials backing a 15 percent global minimum tax and other changes aimed at cracking […]




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Fed Chair Jerome Powell Faces Reappointment Amid Tumult

As Jerome H. Powell’s term as the chair of the Federal Reserve nears its expiration, President Biden’s decision over whether to keep him in the job has grown more complicated […]




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U.S. Signals No Thaw in Trade Relations With China

The Biden administration could face an even more difficult task in reaching any trade agreement with China than the Trump administration did four years ago. Republican lawmakers are ready to […]




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U.S. and Europe Announce New Trade Cooperation, but Disputes Linger

WASHINGTON — The United States and the European Union took a step this week toward a closer alliance by announcing a new partnership for trade and technology, but tensions over […]