In an interview with AP, Treasury Secretary Janet Yellen says she expects Congress ultimately will vote to raise America's debt limit. But she says demands by House Republicans for spending cuts in return for backing an increase is “very irresponsible.”
The Biden administration is trying to signal its support for improving the economies of African countries, many of which have young populations that will eventually make those nations the drivers of growth in decades to come.
The economist and former Federal Reserve chair has emphasized her desire to reduce racial and income inequality, an element of the systemic racism tied to slavery and its aftermath of segregation. For Democrats, the issue of how to bridge that divide is not just a matter social justice but political pragmatism, given that Black voters are a key constituency for winning elections.— payments and other programs intended for the descendants of slaves — to address the inequality.
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