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China raises local government debt ceilings to revive economy

SINGAPORE/SHANGHAI (Reuters) – China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, as policymakers sought to spur the sluggish economy. The standing committee of the National …

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Trump Flipped Hispanic South Texas

Donald J. Trump’s biggest gains anywhere were along the Texas border, a Democratic stronghold where most voters are Hispanic. He won 12 of the region’s 14 counties, up from five in 2016. Source link

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