The US has in the past criticized China for using what it calls “debt diplomacy” to make developing nations more dependent on Beijing. Still, earlier this year China delayed a bailout for Pakistan as its debt soared, and it has been scaling back lending in Africa as its economy slows. ...
Senator Charles E. Grassley (R-Iowa) said he would pursue legislative efforts to reverse IRS technical advice memorandum 9640003 that was issued in October 1996. Grassley said farmers received the fair treatment they deserve. "The IRS backed down and responded to the common sense, bipartisan leade...