In DC, A Slimmed-Down Budget Deal Draws Nearer
Yahoo Finance is reporting that a deal on the US debt ceiling is drawing near, with US President Joe Biden and Republican House Speaker Kevin McCarthy reportedly only $70 billion…
Dr Doom Warns, A US Default Will Crash Global Markets
Image of Nouriel Roubini courtesy of the World Economic Forum. Renowned economist and New York University professor Nouriel Roubini is warning that the inability of US leaders to hash out…
Fitch Puts US On Downgrade Watch
Noting that the United States may default on its $31 trillion national debt within a matter of days amid “debt ceiling brinkmanship,” the Fitch credit rating agency has issued a…
Global Debt Reaches Record Highs
A new report by the Institute of International Finance (IIF) reveals the global debt pile rose by $8.3 trillion over the first quarter of the year, hitting a near-record high…
Debt Ceiling Talks Resume After GOP Walk Out
On Friday evening, high-stakes discussions over raising the US Debt ceiling resumed after Republicans walked out of the talks in frustration earlier in the day, blaming the White House for…
Yellen – US Debt Default To Trigger Worldwide Panic
Speaking to the Independent Community Bankers of America trade group on Tuesday, Treasury Secretary Janet Yellen warned that if the US fails to avoid a debt default, it could have…
Italian National Debt Hits Record High
The sovereign debt of Italy continues to rise, increasing by €17.8 billion ($19.3 billion) month over month in March to reach a record high of €2.79 trillion ($3 trillion), according…
US National Debt Surpasses $31 Trillion
On Tuesday, the Unites States Treasury Department confirmed the US national debt surpassed $31 trillion for the first time. According to the publicly released figures, the US debt stood at…
Sri Lanka Runs Out Of Fuel
Sri Lanka has officially defaulted on its debt payments: The grace period for Sri Lanka to avoid defaulting on its foreign debt expired on Wednesday, as the government scrambled for…
