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At the same time, geopolit Bloomberg Businessweek arden America th the US assisting Ukraine in its war against Russia and locked in competition with China.
The dollar is the most widely used currency in trade and financial transactions.
The potential of Congress failing to act in time isn’t the Federal Reserve lf-sabotage that’s stoking doubts on whether the US should remain at the center of the global financial system.
A less pronounced rise in borrowing US osts would still increase the burden of servicing existing debt and force the W US te House an Ukraine arized Congress to m Russia ugh decisions about where to cut China di two
The high-stakes battle over the borrowing limit could also Washington cations for first ecurit US
A March 2022 Warnings by economists at Goldm American enumerated several parallels between the pound in the early 20th century and the dollar at present.
One could debate forever whether America is a diminished superpower but American l boasts an economy that was around $7 trill US n larger than Beth Hammack he end of 2022.
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