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In a letter to Speaker of the House of Representatives Kevin McCarthy and other top lawmakers on Monday, US Treasury Secretary Janet Yellen urged Congress to "act as soon as possible", warning that the US risks being unable to pay its debts "as early as June 1".
Belt and Road Initiative has evolved with a greener and smarter international cooperation agenda
The United States has once again reached a critical point in its debt crisis, with its outstanding unfunded federal government debt reaching a staggering $31.41 trillion in December 2022. While the US Treasury Department has taken emergency measures to avoid breaching the debt ceiling, the ongoing power struggle between Democrats and Republicans threatens to deepen the crisis.
The EU burned less coal last winter, despite the energy crisis, the Financial Times reports, citing new analysis from thinktank Ember.
Brazilian President Luiz Inacio Lula da Silva's visit to China, which began on Wednesday, is getting a lot of attention, as the leaders of the largest developing countries in the Eastern and Western hemispheres renew ties.