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Sri Lanka is desperate for help to weather its worst crisis in recent memory, but it’s not the only economy that’s in serious trouble as prices of food, fuel and other staples soar, partly due to the war in Ukraine. Alarm bells are ringing for many economies, from Laos and Pakistan to Venezuela and Afghanistan. The exact causes for their woes vary, but all are suffering as food and fuel grow more costly. Most are struggling to repay debts that have piled up over many years of economic mismanagement, corruption and in some cases, war or civil strife.  Here's a look at some of the economies most at risk.

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FILE - In this June 15, 2018 file photo, twenty dollar bills are counted in North Andover, Mass. Rising prices can feel impossible to manage if money is already tight. To stay afloat, prioritize essential expenses that enable you to live and work. (AP Photo/Elise Amendola, File)

President Joe Biden is set to mark his second Fourth of July since taking office, and he's finding a far different political atmosphere today than a year ago. At this time last year, the United States had been making steady progress against the pandemic, and Biden said the country was “closer than ever to declaring our independence from a deadly virus.” But in the past year, two variants proved the coronavirus remained a threat, and Biden's presidency has become bogged down in other challenges, some of them outside of his control. His approval rating has fallen 20 percentage points between his first and second Independence Days, according to polls from The Associated Press-NORC Center for Public Affairs Research.


The potential sale of the Kohl’s department store chain has fallen apart in a shaky retail environment of rising inflation and consumer anxiety. Kohl’s entered exclusive talks early this month with Franchise Group, the owner of Vitamin Shop and other retail outlets, for a deal potentially worth about $8 billion. On Friday, Kohl's Chairman Pete Boneparth cited volatile markets and the rising economic anxiety among customers as the reasons. It was the second time this week that a major retailer retreated from a potential sale due to worsening economic conditions. Walgreen’s said Thursday that it was giving up on its hopes of selling its Boots business in the UK.