The US Department of State is considering shutting a number of diplomatic missions abroad, The New York Times reported. The Trump administration is considering plans to close 10 embassies and 17 consulates and reduce or consolidate the …
The new US tariffs have come as a shock to European countries, while for Russia, they have confirmed the correctness of its course, State Duma Deputy Slutsky said.
There is a rising risk of a short-lived default by the United States if there is no increase in the statutory debt limit in coming weeks, Moody's Investors Service said. Earlier, President-elect Donald Trump said he …
SpaceX founder and Tesla CEO Elon Musk has warned that America is currently headed for bankruptcy super …
The U.S. share of the global economy has tanked below 15% during Joe Biden’s presidency. By the end of his term, it is projected to hit a record low of …
The U.S. Congressional Budget Office has kept its forecast for the country’s national debt to rise to a record 166% of GDP by the end of 2054. The U.S. national debt will increase from 99% of GDP in 2024 to 166% of GDP in 2054. …
A shutdown is still possible in the US, despite the fact that President Joe Biden previously announced that Congress would agree on budget spending
The US national debt exceeded $34 trillion. Over the year, the national debt increased by $4 trillion. By the beginning of next January, the US national debt will reach the ceiling again. It was shifted to avoid default in the summer of 2023.
International ratings agency Fitch said it had downgraded the United States' Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' …
The head of the US administration signed a bill to raise the national debt ceiling of the country
Biden intends to sign a bill to raise the national debt ceiling as soon as possible. The bill's purpose is to prevent default in the country.
U.S. President Joe Biden cautioned that congressional Republicans may do something “outrageous” to force the U.S. to default on its loans, as the negotiations between congressional Republicans and the White House over whether to raise …
U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the U.S. could be unable to pay its bills by as early as June 1, meaning the federal government is at risk of defaulting for the first time in history. The news …
The White House is concerned about the threat of a default due to the unwillingness of the country's president to speak with the speaker of the House about raising the national debt ceiling
Failure to increase the U.S. debt ceiling would have serious repercussions for the United States and the global economy, an International Monetary Fund spokesperson said on Friday, urging involved parties to work to resolve the standoff. …
Federal Reserve Bank of Boston leader Susan Collins said that with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control. "We're now …
Labor Secretary Marty Walsh is claiming that it will be a "bigger catastrophe" for the U.S. economy if Congress does not pass a bipartisan "comprehensive immigration reform" package - something the Biden administration …
The U.S. Federal Reserve raised the benchmark interest rate by 75 basis points for the second consecutive month on Wednesday as it intensifies the fight against 40-year-high inflation. The Federal Open Market Committee voted unanimously …
U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC's "Meet the Press," …
The U.S. Federal Reserve raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic …
