President Nayib Bukele has lashed out at reports of defaults and announced that El Salvador has paid its $800 million debt in full. El Salvador made one of the bravest decisions in the history of mode...
Tag: Debt
McConnell Says It’s McCarthy’s Job To Reach Debt Ceiling Deal
Topline Senate Minority Leader Mitch McConnell (R-Ky.) told reporters Tuesday he plans to take a hands-off approach to overcoming the standoff between the White House and Congressional Republicans ove...
China Slams US on Debt Limit and Accuses Washington of Sabotage
(Bloomberg) — China invoked the US’s brinkmanship over its own debt limit as it hit back at Treasury Secretary Janet Yellen’s criticism of Beijing’s handling of debt issues in developing countri...
S&P 500 breaks above 4,000 as Democrat propose eliminating debt ceiling
Only days after the U.S. government reached its debt limit, House Democrats are pushing for Congress to eliminate the debt ceiling altogether. Republicans are demanding spending cuts The United States...
Crypto Market Tango With Banking Sector Leaves Piles of Debt
Crypto companies take on multi-million dollar debts to finance their operations to meet the ask during a bull run. However, failing to repay the obligations leads to defaults, buyouts, and even bankru...
ASIC financing debt worsened Bitcoin miner’s liabilities in 2022: Report
Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent report by Hashrate Index. The report stated. “We ...
I-bond strategies: Answers to your questions about Series I bonds
Most people are still new to investing in I-bonds, and so it’s not surprising that they have a lot of questions about the basics. As a new year begins, the situation is even more complicated by strate...
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
Ongoing inflationary pressures and increasing risk the federal government could default on its loans will likely see Wall Street traders rush to precious metals in 2023. The U.S. hit its $31.4 trillio...
Peter Schiff just blasted the US debt ceiling drama. Here are 3 assets he trusts amid major market anxiety
‘The world’s largest Ponzi scheme’: Peter Schiff just blasted the US debt ceiling drama. Here are 3 assets he trusts amid major market anxiety A ticking time bomb in the U.S. economy is running perilo...
U.S. Treasurys at ‘critical point’: Stocks, bonds correlation shifts as fixed-income market flashes recession warning
Bonds and stocks may be getting back to their usual relationship, a plus for investors with a traditional mix of assets in their portfolios amid fears that the U.S. faces a recession this year. “The b...
Does Bitcoin Care About the Debt Ceiling? – Trustnodes
The US government spends far more than it takes in and much of that spending is on interest for their $31.381 trillion debt. This is up 50% since 2020 from $20 trillion, so the pandemic has cost the U...
Bonds say inflation has peaked, but here’s what Cathie Wood says the stock market needs to hear to stage a bona fide rally
Bullish stock investors have gotten punched in the month so far this week, after a relatively cheery kickoff to 2023 following an ugly 2022. Cathie Wood, however, has some thoughts about what might tr...
What a U.S. Government Debt Default Would Mean for You
If Congress and the White House can’t agree to raise the $31.4 trillion government-debt ceiling, the government will likely default on some of its obligations. And the outlook for an accord between th...
The U.S. officially hit the debt ceiling. Here are 3 money moves you should be making now to protect your wallet
On Thursday, the U.S. government officially hit the $31.4 trillion debt ceiling. Translation: The government is cut off and no longer able to pay its bills without taking extraordinary measures. “The ...
The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are 3 ways it could hurt you
The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are 3 ways it could hurt you The U.S. officially hit its $31.4 trillion debt ceilin...
Treasury Taps Retirement Funds to Avoid Breaching US Debt Limit
(Bloomberg) — The Treasury Department is beginning the use of special measures to avoid a US payments default, after the federal debt limit was reached Thursday. Most Read from Bloomberg The dep...
Jamie Dimon warns Beltway hardliners not to play chicken when it comes to America’s $31 trillion debt ceiling
Jamie Dimon is worried—not so much about where interest rates are heading or even the economic outlook, but rather Washington’s impending standoff over the debt ceiling. The head of the world’s most v...
U.S. debt ceiling fight is a potential ‘financial catastrophe’
Expect financial market and economic chaos to ensue if U.S. lawmakers don’t find a resolution on the debt ceiling this time around. “If there was even a temporary default on the U.S. debt,...
The U.S. Hit Its Debt Limit — What Now?
U.S. dollars (Photo by LUIS ROBAYO/AFP via Getty Images) AFP via Getty Images The United States on Thursday hit its debt ceiling, the cap on how much money the government can borrow to pay its financi...
US debt ceiling forces Treasury into ‘extraordinary measures’
The federal government officially reached its $31.38 trillion debt limit on Thursday, prompting the Treasury Department to begin using its “extraordinary measures” to avoid defaulting on t...
Musk Has ‘More to Lose’ If He Tries to Skip Twitter Debt Payment
(Bloomberg) — By all accounts — including Elon Musk’s — Twitter has more than enough money to make its first interest payments, expected to total about $300 million. Most Read from Bloomberg But...
5 ways your finances could be impacted if the debt ceiling isn’t raised by the deadline
It’s coming down to the wire for Congress to reach a deal on the national debt ceiling before the U.S. government runs out of money to pay its bills. Treasury Secretary Janet Yellen warned lawmakers t...
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, th...
Vanguard expects municipal bond ‘renaissance’ as investors should ‘salivate’ at higher yields
Investors who allocated to municipal bonds with paltry yields at the beginning of last year should now “salivate” at the prospect of higher income following the rapid rise in interest rates in 2022, a...
Party City files for bankruptcy to restructure piling debt
A shopper exits a Party City Holdco Inc. store in New York, U.S., on Wednesday, Nov. 7, 2018. Party City Holdco released earnings figures on November 8. Bloomberg Party City and some of its U.S. units...
The U.S. economy is again being held hostage to our ridiculous federal debt ceiling
Rep. Kevin McCarthy (R-Bakersfield) gave away much of his leverage to right-wing Republican House members to become speaker. Can he keep them from crashing the economy? (Associated Press) The individu...
Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy – Economics Bitcoin News
The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen ...