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Opinion | Biden’s Budget Doesn’t Fix America’s Big Debt Problem

If the debt ceiling is reached, and the US Treasury does not have the ability to pay its obligations, the negative economic effects will add up quickly and risk triggering a deep recession. The economic effects of such an unprecedented event will definitely be negative. What are the two main ways to reduce the budget deficit and the national debt? Countries counter budget deficits by promoting economic growth through fiscal policies, such as reducing government spending and increasing taxes. What are the two ways to reduce the national deficit and the national debt? Spending cuts and tax increases played aRead News

The U.S. Afternoon Savings Time?

If the current bills pass and get President Biden’s signature, permanent daylight saving time will go into effect on November 5, 2023. This would give the transportation industry time to adjust its advanced planning. In practice, this means that the last clock change would be the March 2023 “spring forward”. How many states are not doing Daylight Savings Time? Only two states do not observe daylight saving time: Hawaii and Arizona. This year it starts on Sunday March 12 and lasts until November 5. Which states are abolishing daylight saving time? Utah. Utah’s move to permanent daylight saving time, signedRead News

Russia Warns Regional Allies Against Aligning With US

Why did U.S. and Russia stop being allies? The two sides were enemies long before they became allies in World War II. Relations had been bad since 1917 as Russia became communist and the West intervened to stop it. Russia was also not allowed to join the League of Nations in the 1920s, and things got worse in the 1930s. How did the USA and the Soviet Union become enemies? As World War II transformed both the United States and the USSR, turning the nations into formidable world powers, the competition between the two increased. After the defeat of theRead News

In the race to arm Ukraine, the United States faces cracks in its manufacturing power

What are 3 things about the Cold War? 5 Key Cold War Events Containment of Russia. … Arms race between the United States and Russia. … Development of the Hydrogen Bomb. … Space exploration. … Fall of the Berlin Wall. What are 3 lasting effects of the Cold War? The concrete legacy of the Cold War revolves around three elements: nuclear weapons and the related arms control and non-proliferation treaties; local conflicts with long-term consequences; and international institutions that continue to play a key role today. What 3 things started the Cold War? Historians have identified several reasons that ledRead News