European leaders are loosening the shackles on national budgets as the euro-area recession deepens and unemployment climbs, with pro-growth calls coming even from German Chancellor Angela Merkel, the leader most closely associated with austerity.
Future of the distribution rules is linked to the outcome of tax reform.
The Justice Department is expanding an Obama-era enforcement policy.
Prospect of slowdown or halt in Chinese purchases of U.S. government debt gives bond market the jitters.
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