Bloomberg Thousands of Catalan secessionists marched in downtown Madrid to protest a trial of their leaders, stoking a political crisis that’s helped topple two Spanish government in less than a year. In the biggest show of Catalan strength in the capital since the secession movement began gaining traction in 2012, marchers took to the iconic Paseo del Prado boulevard with ...

The good news about President Trump’s proposed 2020 budget is that it vividly illustrates the basic causes of large, chronic deficits — a mismatch between the government’s commitments and the taxes needed to pay for them. The bad news is that the budget does virtually nothing to close the gap. “We must protect future generations from Washington’s habitual deficit spending,” ...

Duterte just did a Modi. He may be as lucky, too. Philippines President Rodrigo Duterte bucked procedural niceties when selecting the man who will control the supply of money in his country. He bypassed three deputy governors of the central bank and installed a former budget minister and fan of stimulus to run Bangko Sentral ng Pilipinas. The new governor, ...