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Bad News For Trump, US Loses Last AAA Rating, Moody's Flags Rising Debt
The United States lost its last triple-A credit rating from a major agency as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.
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US Lawmakers Join Trump-Musk Government Shakeup
Republicans vowed Wednesday to tackle the "stunning" US national debt, as lawmakers began work on President Donald Trump's plan for the most radical downsizing of the federal government in decades.
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Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
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Fitch Downgrades US Credit Rating, White House Says "Defies Reality"
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
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Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
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US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
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Blockchain.com CEO Says US Debt Default Would Hit Cryptocurrencies Initially
A US government default would trigger an initial pull-back from crypto currencies followed by a "push upward" the CEO of London-based crypto firm Blockchain.com said on Thursday.
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Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer
If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.
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US Billionaire George Soros Warns Against Investing In China. Here's Why
Hedge-fund billionaire George Soros has warned against investing in China which is witnessing a decline in the real estate boom, citing the example of Evergrande which is finding it difficult to pay its debts in the face of government policies design
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US Government May Run Out Of Funds By October Unless Debt Limit Raised
The US Treasury is likely to exhaust measures to keep funding the government on October 18, and will run out of cash unless Congress raises the federal borrowing cap, Treasury Secretary Janet Yellen warned Tuesday.
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Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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Russia Exits List Of Biggest US Government Debt Holders
Russia has exited the list of the biggest foreign holders of US government debt, according to Treasury Department data released this week.
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US Trade War Upends China's Economic Balancing Act
China's government is facing a multi-front battle to defend its economy, fighting to reduce its debt mountain while the yuan and local stock markets tumble in the face of a US trade conflict.
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'Vijay Mallya Not A Saint For Us': Government Retorts To Opposition
Liquor baron Vijay Mallya's departure, possibly to the UK, in the middle of attempts to recover hundreds of crores in unpaid debts to banks, became a new point of conflict in Parliament today.
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John Kerry Confident Greece Will Keep Up Reform Effort
The US Secretary of State says he expects Greece's government will keep on track with reforms needed to revive its crisis-battered economy, and has offered Washington's support in the task.
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Bad News For Trump, US Loses Last AAA Rating, Moody's Flags Rising Debt
The United States lost its last triple-A credit rating from a major agency as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.
-
US Lawmakers Join Trump-Musk Government Shakeup
Republicans vowed Wednesday to tackle the "stunning" US national debt, as lawmakers began work on President Donald Trump's plan for the most radical downsizing of the federal government in decades.
-
Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
-
Fitch Downgrades US Credit Rating, White House Says "Defies Reality"
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
-
Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
-
US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
-
Blockchain.com CEO Says US Debt Default Would Hit Cryptocurrencies Initially
A US government default would trigger an initial pull-back from crypto currencies followed by a "push upward" the CEO of London-based crypto firm Blockchain.com said on Thursday.
-
Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer
If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.
-
US Billionaire George Soros Warns Against Investing In China. Here's Why
Hedge-fund billionaire George Soros has warned against investing in China which is witnessing a decline in the real estate boom, citing the example of Evergrande which is finding it difficult to pay its debts in the face of government policies design
-
US Government May Run Out Of Funds By October Unless Debt Limit Raised
The US Treasury is likely to exhaust measures to keep funding the government on October 18, and will run out of cash unless Congress raises the federal borrowing cap, Treasury Secretary Janet Yellen warned Tuesday.
-
Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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Russia Exits List Of Biggest US Government Debt Holders
Russia has exited the list of the biggest foreign holders of US government debt, according to Treasury Department data released this week.
-
US Trade War Upends China's Economic Balancing Act
China's government is facing a multi-front battle to defend its economy, fighting to reduce its debt mountain while the yuan and local stock markets tumble in the face of a US trade conflict.
-
'Vijay Mallya Not A Saint For Us': Government Retorts To Opposition
Liquor baron Vijay Mallya's departure, possibly to the UK, in the middle of attempts to recover hundreds of crores in unpaid debts to banks, became a new point of conflict in Parliament today.
-
John Kerry Confident Greece Will Keep Up Reform Effort
The US Secretary of State says he expects Greece's government will keep on track with reforms needed to revive its crisis-battered economy, and has offered Washington's support in the task.
