There is still no major breakthrough in the US budget impasse. Finance ministers taking part in the IMF's annual meeting urged the Americans to quickly reach a compromise.
It's a positive sign that the US Congress finally managed to pass a budget and end a brief shutdown. But the deal leaves the "Dreamers" hanging once again and shatters the myth that deficits matter, says Michael Knigge.
In the second quarter of 2018, the roaring US economy grew at an even faster pace than first reported, with new numbers showing the best performance in nearly four years, boosted by exports and strong corporate spending.
The US Congress reaching a bipartisan deal shielding hundreds of thousands of so-called Dreamers from deportation and averting a looming government shutdown promised to be tough, but doable. Then two things happened.
Wolfgang Schäuble is one of the most influential German politicians never to have been chancellor. The challenges that he will face as president of Germany's parliament include the far-right AfD.
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