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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.

Trump’s Win Ends a Post-World War II Era of U.S. Leadership

For the past four years, President Biden has argued that the first Trump term was a blip in American history. The election has proved that President-elect Donald J. Trump was no aberration.

© Eric Lee/The New York Times

President Biden speaking at a news conference during the NATO Summit in Washington in July. Mr. Biden is one in a long line of presidents who have largely viewed America’s allies as a force multiplier.
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