Global News Aggregator
President Biden announced Tuesday he will personally cancel $1.2 billion in federal student debt for 153,000 borrowers. The Supreme Court ruled in June that Biden’s $500 billion student-debt-forgiveness scheme was…
Rising income expenses pushed the Federal Reserve system deep into a record loss last year, the central bank said in preliminary figures released on Friday. Fed income after expenses came…
Credit rating agency Fitch said Wednesday it expects US fiscal deficits to remain high this year, and that fiscal policy and governance implications of the presidential elections will be key…
A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The…
Congress just passed — and President Biden just signed — the latest short-term federal-funding bill to keep the government running. The bill, which essentially kicks the can down the road,…
Moody’s on Friday changed its outlook on the US credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability. The move follows a rating…
The US government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare…
Ray Dalio believes the US is going to have a debt crisis and is closely watching the “risky” fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire…
Inflation-squeezed Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis – and the struggle to pay their bills is poised to…
With Donald Trump skipping the GOP debate Wednesday, his rivals now have a great shot to prove their salt — by laying out their plans to beat President Joe Biden…