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KUALA LUMPUR – Prime Minister Anwar Ibrahim could potentially unveil a smaller budget for 2023 compared with Malaysias second-largest budget of RM372.3 billion (S$113 billion) announced by his predecessor in October, with the record development expenditure of RM95 billion expected to be downsized. Economists believe there could be some rationalisation and realignment for the new
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Senate Republicans are stepping out of the way of the House Jan. 6 committee’s recommendation that the Justice Department prosecute former President Trump for crimes related to the 2021 attack on the U.S. Capitol. GOP senators, especially those allied with Senate Minority Leader Mitch McConnell (R-Ky.), say the Jan. 6 committee interviewed “credible” witnesses and
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Municipals were weaker by a basis point or two Monday, while U.S. Treasuries saw larger losses across the curve and equities ended down following continued central bank assertions on raising rates. “U.S. stocks were unable to hold onto gains as recession worries run wild and as global bond yields surge higher after former Fed’s Dudley
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S&P Global Ratings lifted the University of Illinois back into the double-A category citing the flagship public university’s surpluses and healthier state government finances that reduce the threat of aid cuts. S&P last week raised the rating to AA-minus from A-plus. The upgrade impacts auxiliary facilities system revenue bonds and certifications of participation. The university
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Topline Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally starting to slow down on its aggressive interest rate hikes, economists think the end of the collapse could be
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