China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more
In a triumphant return to Congress on Thursday, U.S. Representative Steve Scalise told lawmakers, “I am definitely a living example that miracles really do happen,” more than three months after being shot and wounded by a gunman who opened fire on him and other Republican lawmakers during a baseball practice. Continue reading
WASHINGTON, D.C., UNITED STATES (SEPTEMBER 5, 2017) (NBC) – President Donald Trump on Tuesday (September 5) scrapped an Obama-era program that protects from deportation immigrants brought illegally into the United States as children, delaying implementation until March and giving Congress six months to decide the fate of almost 800,000 young people. Continue reading
Former U.S. President Barack Obama expresses hope that members of Congress will look beyond party lines when considering the future of the country’s healthcare system, as he accepts the John F. Kennedy Library Foundation’s “Profile in Courage” Award. Continue reading
Director of National Intelligence James Clapper told Congress he was “even more resolute” in his belief that Russia staged cyber attacks on Democrats in the 2016 election campaign. Continue reading
In a wide-ranging speech, U.S. President Barack Obama sets a hopeful tone for 2016 as he touts progress made in two terms.
In an address before a joint meeting of Congress , Pope Francis praised capitalism but urged the American people to use it as a force for good.
Five-year old Sophie Cruz, who snuck through barrier to meet Pope Francis says she fears her parents will be deported, and her Congressional representative says Sophie and her family are “not a threat”.
Brazilian President Dilma Rousseff downplays Congressional opposition to her controversial fiscal policy while touring Google’s California headquarters where she took a spin in one of the company’s self-driving cars.
Following court’s directive, police file a case against India’s junior minister Giriraj Singh for his racial comments against opposition leader Sonia Gandhi.