Bank Of America Sees US National Debt At $54 Trillion In Ten Years
In a new note released on Tuesday, Bank of America (BoA) says that according to data from the Congressional Budget Office, the US national debt appears poised to surge by…
China Central Bank Advisor – Beijing Can Raise Deficit To Spur Growth
On Friday, Wang Yiming, a policy adviser to the central bank of China, said that next year, China will be able to raise its budget deficit ratio to support the…
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…
US Government Could Soon Be Paying More In Interest Than On Defense
In a new research note, Capital Group finds that as the US national debt continues to grow, the US government is now approaching a point where it will be paying…
Moody’s Considers Downgrading Israel’s Credit Rating
On Thursday, international ratings agency Moody’s issued a statement on the agency’s website noting it was placing Israel’s A1 credit rating on review for a downgrade. The cause for the…
Israel Put Under Ratings Watch By Fitch
As the geopolitical risks mount from the escalating conflict between Israel and Hamas, US credit ratings agency Fitch has put the A+ sovereign credit rating of Israel on a ratings…
US, UK, And Italian Economies Under Debt Threat – Experts
On Monday, Reuters reported that the uncontrolled accumulation of debt by Western countries, as well as social spending and the increasing amounts being expended on climate change, are all increasing…
US Adds Half Trillion To National Debt In 20 Days
According to data released by the US Treasury Department last week, in only 20 days, the US national debt surged by over $500 billion, reaching $33.5 trillion. As of September…
Ray Dalio Says The US Is Approaching A Debt Crisis
On Thursday, CNBC reported that in an interview with Ray Dalio, the founder of hedge fund Bridgewater Associates, he said that he believes the United States is on the path…
US Officials Upset Fitch Downgrades US Credit Rating From AAA To AA+
On Tuesday, both the US Treasury Department and the administration of President Joe Biden objected to the downgrade of the credit rating of the United States by credit rating company…
