Under pressure from the falling global oil price, Russia is requiring government departments to cut spending by 10 percent, repeating a policy it also imposed in 2015, two government sources told Reuters.
The cutbacks will exclude several areas of government spending, including public obligations such as pensions, and pay for government employees.
How Many Interest Rate Cuts Will the Fed Do Before the Election?
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A friend of mine asked that question a few days ago. Let's go over the
possibilities and the market expectations.
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