Tag: Debt
Mark Zandi, chief economist at Moody’s Analytics, said that if the US defaults on its debt, no corner of the global economy will be spared.
If the debt crisis roiling Washington were eventually to...
The Rise of America's Debt Ceiling has been visualized below using data from various sources, including the World Bank, U.S. Department of the Treasury, and Congressional Research Service.
Every few years the debt ceiling...
Chris Edwards, an economic analyst at the Cato Institute, said that as the U.S. owes a whopping $7 trillion to foreigners, the federal government would be forced to either hike taxes or cut spending immediately to be...
According to data from the US Treasury, California owes the most debt at $18.6 billion and has defaulted on it.
California's recent decision not to pay back some $20 billion borrowed from the federal...
According to the Department of the Treasury, the current US national debt is $31.4 trillion, which is visualized below.
According to a Bloomberg report, analysts have warned that a $1.5 Trillion commercial real estate crash is coming.
Several sources have reported that Russia is defaulting on foreign debt for the first time since the Bolshevik Revolution in 1918.
With The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism, Michael Hudson, one of the world’s leading independent economists, has given us arguably the ultimate handbook on where we’re at, who’s in charge, and whether we can bypass them.
The Sri Lankan government has announced that citizens should not wait in line for petrol as the crisis-hit Sri Lanka defaults on debt and runs out of fuel.
With Russia slipping out of their hands, the eyes were set on an unfathomably resource-rich country, which even after thousand years of non-stop plunder and looting still captures the imagination of one and all, thugs, thieves and robber-barons alike...
