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A former IMF economist says he's worried that military spending will widen the US deficit and jack up borrowing costs

Yields on 10-year Treasury bonds are surging, and it might not simply be because the market is worried about the inflationary impacts of higher oil prices. It's also due to fears that US government ...
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US construction spending inches up in May, but homebuilding weak

U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding. The Commerce ​Department's Census Bureau said on Wednesday that ...