Passing legislation to raise the US’s borrowing capacity was easier than a lot of members of Congress thought it would be — but addressing the debt itself will be a lot harder.
US Allies Can Have Productive Ties With China: Australia Defense Minister
Australia seeks to balance its economic and security relationship with China even as it maintains a longstanding defense alliance with the US at a time of heightened geopolitical tensions. Australia Defense Minister Richard Marles says “How you navigate those two things is complex, it’s not obvious, it requires discussion.” He also discusses Australia's role in supporting Ukraine in an interview with Bloomberg's Haslinda Amin in Singapore. (Source: Bloomberg)
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