U.S. deficit tops half a trillion dollars in first quarter of fiscal year
US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson |…
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…
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…
IRS paperless system will cut deficit significantly over 10 years
U.S. Secretary of the Treasury Janet Yellen arrives to deliver remarks at Johns Hopkins University’s School of Advanced International Studies (SAIS) on April 20, 2023 in Washington, DC. Anna Moneymaker…
How Congress and corporations can help stop inflation
Americans look to the country’s most powerful bank, the Federal Reserve, to combat inflation. “I think our biggest problem, at least for the foreseeable future, is high inflation,” Mark Zandi,…
U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
U.S. Treasury Secretary Janet Yellen listens to a reporter’s question at a news conference during the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October…