Debt ceiling crisisAs the June 1 deadline looms with the possibility the U.S. could run out of money to pay bills, Republicans are demanding spending cuts.Allison Bailey/NurPhoto via Shutterstock The federal government's record-high national debt is set to get even bigger, re...
Some experts believe that the US debt ceiling crisis is the result of reckless politics driven by dollar hegemony and the underlying cause is the polarization of bipartisan politics. The recurring debt crises not only have a disastrous impact on the US economy and people's livelihoods but also c...
Some experts believe that the US debt ceiling crisis is the result ofreckless politicsdriven by dollar hegemony and the underlying cause is the polarization of bipartisan politics. The recurring debt crises not only have a disastrous impact on the US economy and people's livelihoods but also conti...
Experts' take on US debt crisis Shi Yu/China Daily Editor's note: US stocks fell on Wednesday as investors were worried that the US federal government would default on payments, but the US House of Representatives voted to suspend the US' debt ceiling through to 2025, avoiding federal defaul...
Some experts believe that the US debt ceiling crisis is the result of reckless politics driven by dollar hegemony and the underlying cause is the polarization of bipartisan politics. The recurring debt crises not only have a disastrous impact on the US economy and people's livelihoods but also ...
For the US government, hitting the legislative debt ceiling is nothing new. Yet the debt-addicted government has managed to stay under the debt ceiling for years, not by reducing its debt but by raising the ceiling. Before the onset of the debt crisis this time, the US debt ceiling had ...
It is hoped that the US administration will not take its own economy and credit rating lightly, considering that US Treasury Secretary Janet Yellen has said the US has "no good reason to generate a crisis of our own making". But what is the debt ceiling? A system unique to the US, the...
BREAKING: Total US debt hits $34 trillion for the first time in history, putting US debt up 100% since 2014. Since the debt ceiling "crisis" ended in June 2023, total US debt is up nearly $3 trillion. This debt balance is more than the value of the economies of China, Germany,...
For the US government, hitting the legislative debt ceiling is nothing new. Yet the debt-addicted government has managed to stay under the debt ceiling for years, not by reducing its debt but by raising the ceiling. Before the onset of the debt crisis this time, the US debt ceiling had ...
The dollar fell against other major currencies on news that inflation slowed more than expected, increasing the likelihood that the Fed could pause rate hikes.