"The increase in debt over the last 20 years was overwhelmingly driven by the trillions spent on Republican tax cuts skewed to the wealthy and big corporations," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business. "Congressional Republicans want t...
US Government debt accounted for 123.1 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 122.3 % in the previous quarter.
Interestingly, the preference for digital and remote engagement among HNW clients is higher than for their affluent counterparts. 40% Convergence of banking and investing has gone mainstream. Over the last three years, there has been a striking increase in clients’ preference to consolidate their...
Geoff is a managing director in the US Debt Capital Markets practice. He has over 20 years of experience structuring, arranging, executing and documenting complex...
(ECNS) -- After months of partisan arm-wrestling, the US Congress approved the bill to raise America's debt ceiling after the Senate's passage late Thursday. The two parties in the United States engaged in a last-minute tug-of-war over the US debt "bomb," which reached a critical ...
On January 20, 2021, Joe Biden was sworn in as the 46th president of the United States, offering a chance to change the course of US-China relations, which had hit a low point under the outgoing Trump administration. The four years witnessed escalating trade tensions culminating in a trade...
Why the gap persists instead of disappearing The persistence of a gap over the past 20 years, even when comparing apples to apples, suggests there are other factors at play. These can include potential discrimination. When Pew asked Americans in October what factors they believed played a role ...
We’re adding $4 trillion of debt over the next two years, there’s no cap on the debt limit itself, on the debt ceiling, and you know, we’re expanding and growing government welfare. That’s what happened tonight.” 10:51 a.m. 1:16:27, June 1, 2023 Conservatives in the ...
The Republican Senator on his plans to spend the last two years of his term fighting back against an increasingly isolationist GOP Behind the Money podcast23 min listen What Trump’s presidency means for banking Listen to a live recording from the FT Global Banking Summit!
Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy April 9 2024 Martin Wolf The tree of debt must stop growing Since the era of ultra-low interest rates ended, large-scale government borrowing is looking more and more problematic ...