Record Debt in the World’s Richest Nations Threatens Global Growth

The cost of borrowing is already choking crucial public spending in many developing economies. Now it’s raising broader alarms.Record-high debt in the United States, Britain, France, Italy and Japan risks slowing growth and destabilizing the global economy.

P Patricia Cohen

Fed, Signaling Little Urgency, Prepares to Pause on Rate Cuts

The Federal Reserve is expected to hold interest rates steady on Wednesday, despite relentless attacks from President Trump over borrowing costs.The Fed, especially its chair, Jerome H. Powell, have been assailed by President Trump for not lowering interest rates fast enough.

C Colby Smith

As Trump Heads to Iowa to Trumpet Economy, Many Residents Feel Pain

Farmers are critical to Iowa’s economy. They have been battered by President Trump’s tariffs and are not experiencing the “golden age” that the president promised.Iowa, a state that is heavily focused on farming, has been struggling under the weight of President Trump’s economic policies.

A Alan Rappeport

Winter Storm Debilitates the South, Encasing Cities in Ice and Snow

The forecasts had predicted that the storm could be among the worst in a generation to hit the region. By Monday, it was clear that is exactly what happened.Some storm damage in Nashville on Sunday. Nashville Electric Service said that as many as 230,000 people were without power at the peak, the la

L LaReeca Rucker and Rick Rojas

New York City Races to Help Homeless People as Temperatures Plunge

The weather underscored how vulnerable people are when they do not have a safe place to shelter. At least eight people have died, including several who had a history with the city’s shelter system.Temperatures in New York City dropped into the teens and single digits in recent days, creating dangero

M Mihir Zaveri

After Donations, Trump Administration Revoked Rule Requiring More Nursing Home Staff

Executives who donated to the president’s super PAC met privately with him and urged a repeal of the rule, which was intended to prevent neglect of patients.Starting in early August, nursing home executives began making donations that would eventually total nearly $4.8 million to MAGA Inc., a super

K Kenneth P. Vogel and Christina Jewett

Extra Scrutiny of FEMA Aid to States Has Created a $17 Billion Bottleneck

Additional layers of review ordered by Kristi Noem, the homeland security secretary, have slowed assistance to disaster-struck communities.In some cases, states cannot be reimbursed for recovery costs until Homeland Security Secretary Kristi Noem approves payments. In other cases, recovery work cann

S Scott Dance

Work Will Stop on Critical Tunnel Project Unless Trump Restores Funding

The builders of the Gateway project, a critical rail tunnel between New York and New Jersey, are expected to warn that construction cannot continue without the withheld federal money.Work on the Gateway project, which sits at the center of the busy Northeast Corridor rail route, has been underway fo

P Patrick McGeehan

How Trump’s Threats to Greenland Made Him a Liability for Europe’s Far Right

Europe’s nationalist leaders once saw President Trump as an ideological ally. Now, as he threatens European sovereignty, they are seeking distance — at least for the moment.President Trump leaving for the World Economic Forum in Davos, Switzerland, where he made a rambling speech that underscored hi

J Jeanna Smialek, Koba Ryckewaert and Catherine Porter

Trump Administration Social Media Posts Echo White Supremacist Messaging

A flurry of posts from the White House, Department of Labor and Department of Homeland Security have included images, slogans and even a song used by the white nationalist right.In the past month, government agencies have made dozens more social-media posts that include iconography associated with f

E Evan Gorelick

UK Seeks Trade With China Without Triggering Trump’s Fury

Prime Minister Keir Starmer hopes to boost his country’s lagging economy with a trip to Beijing. But he must carefully navigate between two superpowers.Prime Minister Keir Starmer of Britain and Xi Jinping, China’s top leader, attending a meeting in Rio de Janeiro, Brazil in 2024.

M Michael D. Shear and David Pierson

In Trump’s Shadow, India and the European Union Expand Trade Ties

After nearly 20 years of negotiations, the two sides struck a far-reaching agreement that officials called “the mother of all trade deals.”The European Council president, Antonio Costa, and the European Commission president, Ursula von der Leyen, came to India to announce a trade agreement nearly 20

A Alex Travelli and Eshe Nelson

Trump Vows Higher Tariffs for South Korea Months After Trade Deal

President Trump said Seoul was not moving fast enough to implement the agreement, which calls for South Korea to invest billions in the United States.President Trump received gilded gifts from South Korea’s leader, Lee Jae Myung, when he visited the country in October.

C Choe Sang-Hun

Social Media Giants Face Landmark Legal Tests on Child Safety

Starting this week, a series of trials will test a new legal strategy claiming that Meta, TikTok, Snap and YouTube caused personal injury through addictive products.Jury selection is expected to start Tuesday for the first trial in a series of lawsuits that target social media companies with a strat

C Cecilia Kang

The Social Media Addiction Trials: What to Know

Landmark trials beginning this week will test a new legal strategy claiming that Meta, TikTok, Snap and YouTube caused personal injury through addictive products.The lawsuits will for the first time put social media companies on the spot for creating harmful products, exposing them to new kinds of l

C Cecilia Kang

All-Night Concerts in War-Ravaged Myanmar

But the shows, which combine dance, drama and music, are also part of an effort by Myanmar’s military rulers to project a veneer of legitimacy.

S Sui-Lee Wee and Lauren DeCicca

An Academic and a Dealmaker Takes on the Challenge of Running Columbia

Jennifer Mnookin forged compromises with protesters and politicians at the University of Wisconsin-Madison. Now, she faces her biggest test.Jennifer Mnookin was dean of the University of California, Los Angeles’s law school before taking the top job at Wisconsin’s flagship public university.

S Sharon Otterman

Trial to Begin in Sex-Trafficking Case Against Alexander Brothers

Prosecutors say the three men used their money, power and status to sexually assault women, including two underage girls. The men have denied the charges.The trial for Oren, Tal and Alon Alexander is set to start on Tuesday. The brothers have been accused of running a sex-trafficking conspiracy in M

D Debra Kamin and Benjamin Weiser