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National debt

Soaring debt and deficits causing worry about threats to the economy and markets

by Adrian Jhonsan
Soaring debt and deficits causing worry about threats to the economy and markets

A view shows the U.S. Capitol in Washington, U.S., May 9, 2024.  Kaylee Greenlee Beal | Reuters Government debt that has swelled nearly 50% since the early days of the …

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Categories World

Momentum builds for special commission to tackle $34T in US debt

by Ev Richard
Momentum builds for special commission to tackle T in US debt

Momentum is building in Washington for a special commission to tackle the nation’s nearly $34 trillion debt, but the idea is drawing mixed reviews from some lawmakers amid skepticism of …

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Categories Technology

Laos is spiraling toward a debt crisis as China looms large

by Adrian Jhonsan
Laos is spiraling toward a debt crisis as China looms large

A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in …

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Categories World

Bond yields could race through 5%, market forecaster Jim Bianco warns

by Adrian Jhonsan
Bond yields could race through 5%, market forecaster Jim Bianco warns

Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in the next couple of weeks. “I don’t think we’re near …

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Categories World

House GOP pulls key vote to advance stopgap government funding bill

by James Odonell
House GOP pulls key vote to advance stopgap government funding bill

U.S. House Speaker Kevin McCarthy, R-Calif., speaks with reporters as he walks to the House floor at the U.S. Capitol in Washington, D.C., Sept. 19, 2023. Evelyn Hockstein | Reuters …

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Categories Politics

Indonesia’s China-backed high-speed train sparks concerns of debt trap

by Adrian Jhonsan
Indonesia’s China-backed high-speed train sparks concerns of debt trap

Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued …

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Categories World

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