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China Reveals $1.4 Trillion Plan to Bail Out Local Governments

The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.

© Qilai Shen for The New York Times

Despite economic challenges, China’s leaders avoided major interventions until late September, when they eased borrowing for households and companies, favoring state-led growth over direct consumer stimulus.

Jerome Powell Dismisses Idea of Trump Firing Him

Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.

© Annabelle Gordon/Reuters

Jerome Powell, the chairman of the Federal Reserve, speaking in Washington on Thursday after the central bank lowered interest rates by a quarter of a percentage point.

Trump’s 2nd-Term Agenda Could Transform Government and Foreign Affairs

The president-elect could reshape government and may dramatically transform foreign and domestic policy in a second term.

© Haiyun Jiang for The New York Times

Without establishment Republicans and military veterans surrounding him, President-elect Donald J. Trump could find it easier to move ahead with his plans, particularly if his party wins the House.
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