Trump’s policies could cost U.S. tourism industry $12B
The U.S. economy could lose out on billions of dollars this year as President Trump’s policies hamper the tourism industry, Bloomberg reported.
US economy
Scott Bessent: US-China talks a bit stalled
Beijing and Washington are holding economic talks, but progress has slowed. Both sides are waiting for the talks between the leaders of the two countries.
Trump blames Biden for US economy decline
According to him, the tariffs he introduced will soon take effect and will lead to prosperity
USA announces imminent trade deal with India, Japan and South Korea
Washington is close to an agreement on trade tariffs with three large Asian economies.
U.S. could shut nearly 30 embassies, consulates overseas
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 …
State Duma assesses US tariffs
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.
U.S. default risk rising
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 …
Elon Musk: U.S. is going bankrupt fast
SpaceX founder and Tesla CEO Elon Musk has warned that America is currently headed for bankruptcy super …
U.S. global economic share drops below 15%
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 …
U.S. Congress: national debt to grow to 166%
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. …
Shutdown in US: White House calls on to prepare for the worst
A shutdown is still possible in the US, despite the fact that President Joe Biden previously announced that Congress would agree on budget spending
US national debt reaches $34 trillion
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.
U.S. top-tier credit rating downgraded
International ratings agency Fitch said it had downgraded the United States' Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' …
Biden signs debt ceiling bill
The head of the US administration signed a bill to raise the national debt ceiling of the country
Biden to sign bill to raise national debt ceiling soon
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.
Biden says he can’t guarantee GOP won’t force U.S. default
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. debt default could occur in early June
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 …
Why US may face default
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
IMF urges to increase U.S. 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. …
Fed's Collins: another 75-bps hike could be ahead
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 …
