Relief at the gas pump coupled with this past week’s news that businesses continue to hire at a blistering clip have tempered fears that America is headed into a downturn.
WASHINGTON — Relief at the gas pump coupled with this past week’s news that businesses continue to hire at a blistering clip have tempered many economists’ fears that America is heading into a downturn.
To prevent that outcome, U.S. officials have latched on to a plan aimed at depressing global oil prices — one that would complement European sanctions and allow critical flows of Russian crude onto global markets to continue, but at a steeply discounted price.
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