U.S. national debt reach record-high
The U.S. federal government debt has for the first time in its history crossed the level of $37 trillion, according to the U.S. Department of the Treasury.
US economy
Trump extends China tariff deadline by 90 days
U.S. President Donald Trump on Monday delayed high U.S. tariffs on Chinese goods from snapping back into place for another 90 days, CNBC reported.
U.S. new tariffs take effect
U.S. President Donald Trump’s sweeping new tariffs finally took effect on August 7, slapping levies on dozens of countries.
Pushkov: USA loses competitiveness
The trade war with Europe, started by Trump, demonstrates the loss of competitiveness of the USA and the weakening of its economy, according to Alexey Pushkov, Chairman of the Federation Council Commission on Information Policy and Media Relations of Russia.
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.
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 …
