debt
The US Senate opened debate on Donald Trump’s sprawling domestic policy legislation on Sunday, the package of tax cuts, increased spending on immigration enforcement, and drastic reductions in funding for healthcare and nutrition assistance that the president calls his
In this febrile political era, few issues command stronger bipartisan support than the need for fiscal responsibility. Barack Obama and Donald Trump committed to curtail the US national debt on their respective roads to the White House. And yet, no matter the party, Americans have been able to count on one thing above most: the […]
As the US debt continues to grow at an alarming rate, reaching $36 trillion, some experts are looking for innovative ways to stabilize the financial system. Versan Aljarrah, the founder of Black Swan Capitalist, believes XRP could be the answer. In the recent post on X, he suggests that the current debt-based system needs a […]
Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by President Trump would weaken key safety-net programs while greatly lifting the federal debt. The tax and spending package, which Republicans have dubbed the “one big beautiful bill,” would hurt millions of Americans by slashing Medicaid and . […]
Treasury secretary Scott Bessent insists US will ‘never default’ on its debt Financial Times Source link
Jamie Dimon warns US bond market will ‘crack’ under pressure from rising debt Financial Times Source link
by Lowell Here are a few international, national and Virginia news headlines, political and otherwise, for Wednesday, May 21. Fires drove record loss of world’s forests last year, ‘frightening’ data shows (“Burning, worsened by global heating, overtook farming and logging as biggest cause of destruction of tropical forests” UGH)
TOKYO (AP) — Global shares fell Thursday as investors reacted to growing worries over surging U.S. debt. France’s CAC 40 slipped 0.8% to 7,849.87, while Germany’s DAX declined 0.7% to 23,962.00. Britain’s FTSE 100 fell 0.7% to 8,728.84. The future for the Dow Jones Industrial Average inched 0.1% lower while that for the S&P 500 […]
Bond market jitters are back — and this time, it’s not just about inflation. Long-term Treasury yields surged to kick off the week as Moody’s US credit downgrade reignited market concerns . . .
IMF urges US to curb deficit as Trump tax cut plan stirs debt fears Financial Times Source link