US Debt On Course For Interest Payments To Exceed Defense Spending
According to a new research note from Capital Group, the US government’s debt pile continues to grow every day, and it is possible that soon the government will be spending…
US National Debt Grows $2.6 Trillion In Six Months
According to new data from the US Treasury Department, the US national debt has continued to climb, increasing by $2.6 trillion in the six months through December bringing the total…
Ukraine Invests Half Of US Financial Assistance Into US Debt
On Wednesday, RIA Novosti reported that since the start of the war between Ukraine and Russia, data from the US Treasury and the Ukrainian Finance Ministry shows that Ukraine has…
Bloomberg Finds US Debt Costs $1 Trillion Per Year
A new Bloomberg report this week has found that it appears the yearly interest payments on the US national debt have surged to above $1 trillion as of the end…
Moody’s Downgrades US Outlook From Stable To Negative
On Friday, Moody’s, the international credit rating agency, downgraded its outlook on the US from “stable” to “negative,” pointing to massive fiscal deficits, and a significant diminution in debt affordability…
Germany Seeks To Constrain EU Spending
On Friday in a closed door meeting of the heads of the EU member states, German Chancellor Olaf Scholz said that the EU should seriously consider limiting its spending plans…
Russian External Debt To GDP At Record Low
According to new data released by Russia’s central bank and reported on by RIA Novosti on Tuesday, over the second quarter of 2023 Russia’s external debt continued to diminish, falling…
In Britain, Royal UK Borough Acknowledges Financial Distress
Soaring interest rates in Britain have sent the Kingdom’s Royal Borough of Windsor and Maidenhead to the brink of bankruptcy as the cost of servicing its £203 ($240 million) debt…
Credit Suisse Takeover Records To Be Kept Secret For 50 Years
On Sunday, Reuters reported that an investigation by the Swiss parliament into the collapse of banking giant Credit Suisse will now see its records classified secret and kept confidential for…
Yellen Says The US Cannot Decouple From China
During her visit to Beijing on Friday, US Treasury Secretary Janet Yellen said the US does not want to “decouple” its economy from China because of the instability such a…
