The coronavirus pandemic is placing enormous budget pressure on state and local governments, threatening deep and potentially lasting cuts to education, infrastructure, and other important investments.
Anshu Siripurapu covers economics, energy, and geopolitics, and helps edit the Daily News Brief. Before he joined CFR, Anshu was a reporter for Inside U.S. Trade, chronicling trade policy under the Trump administration. He holds a BA in political economy from the University of Southern California.
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Emergency spending in response to the coronavirus pandemic, after years of steadily increasing debt, is projected to take U.S. debt to levels not seen since World War II.
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President Trump has turned to the Defense Production Act to deal with a shortage of critical medical supplies created by the coronavirus pandemic. What does the law do?
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Western leaders have long criticized OPEC’s power to raise oil prices, but the bloc’s influence is on the wane as U.S. oil production has soared and alternative energies have come to the fore.