by Harvard Zhang | Jul 14, 2016 | Business & Tech
WASHINGTON — China is likely to fall into the same economic trap as Japan did to muddle along with sluggish growth as it hesitates to deal with the overcapacity and excess debt issues, economists told a Senate hearing Thursday. A further slowdown in the Chinese...
by Harvard Zhang | Jul 12, 2016 | Business & Tech
WASHINGTON — Puerto Rico Governor Alejandro Garcia Padilla suggested Tuesday the commonwealth’s central government may not be able to borrow from the $3.7 trillion municipal bond market any time soon, as the uncertainty of restructuring the island’s $70 billion debt...
by Harvard Zhang | Jul 11, 2016 | Business & Tech
WASHINGTON — A top economic adviser to President Barack Obama Monday said Congress should reform unemployment benefits to protect workers in the event of another recession. Jason Furman, chairman of the White House Council of Economic Advisers, stressed the importance...
by Harvard Zhang | Jul 7, 2016 | Business & Tech
WASHINGTON — A top economic adviser to President Barack Obama said Thursday that American manufactured goods compete well in the global market, but acknowledged the U.S. lags behind other countries in training workers for skills needed in today’s economy. “I get...
by Harvard Zhang | Jun 30, 2016 | Business & Tech
The lead negotiator for President Obama has intensified efforts to persuade a skeptical Congress to pass a divisive free-trade agreement with Pacific Rim countries, a deal that Donald Trump this week called “a continuing rape of our country.” U.S. Trade Representative...
