How Banking Turmoil Tests U.S. Consumers
Update: 2023-03-21
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P.M. Edition for March 21. U.S. consumers, already saddled with high inflation and higher borrowing costs, are facing another challenge: turmoil in the banking sector. National economics reporter Gabriel T. Rubin says that if consumers really pull back, economic activity may suffer. Plus, Moscow bureau chief Ann M. Simmons reports on the summit between Chinese leader Xi Jinping, and Russian President Vladimir Putin. Annmarie Fertoli hosts.
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