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US inflation slows but remains elevated

The Labor Department report showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month.

US credit rating downgraded for only second time in history

Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt and a “steady deterioration in standards of governance” over the past two decades.

Biden signs bill to avert freight rail strike

President Joe Biden signed a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into a catastrophic recession.

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