Tag Archives: Debt

DAKAR, Senegal (AP) — Treasury Secretary Janet Yellen stated in an Related Press interview Saturday she expects Congress will finally vote to boost America’s debt limit, however calls for by Home Republicans for spending cuts in return for backing a rise are “a very irresponsible thing to do” and danger …

Colombo, Sri Lanka – Greater than 180 outstanding economists and growth specialists from around the globe have made a worldwide attraction to Sri Lanka’s monetary lenders to forgive its debt, whilst different specialists aren’t satisfied it’s the easiest way ahead for the island nation. In keeping with World Financial institution …

Minneapolis CNN  —  After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary measures” to keep paying the government’s bills. A default could be catastrophic, causing “irreparable harm to the US economy, the livelihoods of all Americans and global financial stability,” Treasury Secretary …

Eoin Drea is senior research officer at the Wilfried Martens Centre for European Studies. European leaders haven’t been shy about trumpeting their €18 billion in loans to Ukraine in 2023 as a tool for“maintain[ing] the macro-financial stability of the country.”For European Council President Charles Michel, such aid shows that Brussels …

PARIS — German Chancellor Olaf Scholz raised optimism on Sunday that the EU and the U.S. can reach a trade truce in the coming months to prevent discrimination against European companies due to American subsidies. Speaking at a press conference with French President Emmanuel Macron following a joint Franco-German Cabinet …

Washington CNN  —  Democratic Sen. Joe Manchin of West Virginia said Sunday that it’s a “mistake” for the White House to want Democrats to deal with the debt ceiling without negotiating with congressional Republicans. “I think it’s a mistake because we have to negotiate. This is a democracy that we …

Press play to listen to this article Voiced by artificial intelligence. PARIS/BERLIN — German Chancellor Olaf Scholz and French President Emmanuel Macron will aim to reboot their problematic relations with a big ceremony on Sunday as shared frustration over a new U.S. law helps them overcome differences. Paris and Berlin …

Owning a home is one of the best things since it offers emotional and financial security. However, being a homeowner comes with several responsibilities. You have to incur many expenses, including paying property taxes, mortgage and high-interest debts like credit cards. Fortunately, you can solve these issues with the help …

Washington risks triggering a global financial crisis if politicians are not able to raise the debt limit, global banks, the US Treasury and even the President is warning. The clock to doomsday is already ticking: The US hit its $31.4 trillion debt ceilling on Thursday and has already started “extraordinary …

Edited By: Pathikrit Sen Gupta Last Updated: January 21, 2023, 01:13 IST External affairs minister S Jaishankar meets minister of foreign affairs of Sri Lanka Ali Sabry, in Colombo, Sri Lanka. (Image: PTI) While visiting the island nation on January 19-20, the external affairs minister called on President Ranil Wickremesinghe …

On today’s episode of the 5 Things podcast: We’ve reached the debt ceiling. Now what? The U.S. hit its debt ceiling Thursday. What happens next? Plus, USA TODAY Domestic Security Correspondent Josh Meyer looks at the need to overhaul how the U.S. protects classified documents, USA TODAY Reporter Christine Fernando explains how Roe v. Wade …

What does the situation mean for stocks? Most analysts believe the US will avoid a default, so the effects of a political showdown on stock values would be temporary. “The political squabbles in the coming weeks will likely lead to stock market volatility,” said Shane Sideris, co-founder of Synchronous Wealth …