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Larry Summers Considers Debt Limit ‘Much More Serious Risk’ Amid Rising Interest Rates, Divided Congress

By Bhavik Nair
November 16, 9:41 PM
Former Treasury Secretary Lawrence H. Summers believes the debt limit terror is a very serious threat in the backdrop of the current political scenario. “Debt limit terror is a much more serious risk in the context of rising interest rates, Treasury market illiquidity and increased foreign holdings of U.S. securities,” Summers said.

BND

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Several Developed Nations, Allied Groups Come Together With $10B Backing For Indonesia’s Efforts On Decarbonization

By Vandana Singh
November 15, 6:40 PM
At a G-20 meeting, a $20 billion funding plan was announced aimed at helping Indonesia, the world's largest coal exporter, adopt renewable energy sources. Developed countries, including the U.S. and some big banks, have backed the plan as part of efforts to help emerging economies decarbonize.

BAC