Debt Ceiling
Biden and McCarthy fail to come to an agreement
President Joe Biden and House Speaker Kevin McCarthy did not reach an agreement during their meeting on how to raise the debt ceiling on Monday.
China
China ramps up investments in Mexico to have greater influence over U.S. neighbor
Over the last decade, China has excessively raised its foreign investment in Mexico which has prompted experts to express concerns over the financial and political gains that Beijing is receiving.
Brazil
The U.S. Dollar and the Russo-Chinese Plan to Replace it
Brazil, Russia, India, China, and South Africa are the original ‘BRICS’ nations. But it has recently caught the likes of Iran and Saudi Arabia. BRICS is seen as a counterweight to Western-dominated institutions and financial reserves.
Bank
Silicon Valley Bank shut down
The California Department of Financial Protection and Innovation said that it was taking over the Silicon Valley Bank (SVB).
Americans
Curbing Inflation may be an illusion
Americans continue to feel pain in their pockets despite the Biden administration’s assurances.