Experts say cutting off diesel exports to lower prices is likely to backfire. Plus: Public debt, Trump’s meeting with President Xi, small bank mergers, and the crude oil spread.
President Trump and China’s Leader Xi Jinping are meeting this week. Chad Bown, senior fellow at the Peterson Institute for International Economics, previews what to expect from that meeting.
Some senators and governors are calling on the Trump administration to temporarily ban diesel exports to boost domestic supply. Experts say it might not work as well as they hope.
Bank consolidation has been happening for decades, and its pace has sped up in recent years. Borrowers and depositors are experiencing a number of side-effects.