Rachel Reeves came into office promising to adhere to strict rules on spending and borrowing. Two years later, a special election could determine if she will continue in her role.
Between a surge in interest rates, increasingly restive colleagues and the demands of President Trump, the new Fed chairman, Kevin Warsh, is in a bind.
Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from energy disruptions.
The United States and Iran have signed a framework agreement for ending the war, but neither side has published the full text and its details remain unknown.
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