Thursday 10 July 2014
 
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spending cuts

The age of austerity is ending

      Whisper it softly, but the age of government austerity is ending.    It may seem an odd week to say this, what with the US government preparing for ind

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China warns US debt idea is 'playing with fire'

US Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday. The idea of a technical default -- essent

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