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President Joseph Biden presented his third annual budget proposal at $6.8 trillion on Thursday, March 9. A day later Silicon Valley Bank (SVP), in Santa Clara, California, the nation’s 16th largest, declared bankruptcy, followed days later by New York City’s Signature Bank. A half dozen others faced similar and immediate disasters, brought on, as with More
The post Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Jeff Mackler.