19, any currency has a fatal flaw, the euro fatal flaw is the lack of a unified government credit, the fatal defect of $is to become a global currency and reserve currency, or the United States will cause a serious debt crisis, once the currency poses a threat to the dollar in...
Why the sovereign debt crisis could lead to a federal fiscal union : the paradoxical origins of fiscalization in the United States and insights for the European UnionThis paper shows that the emergence of the federal power to tax is the result of a sovereign debt crisis at the state level....
BEIJING, Sept. 1 (Xinhua) -- "Debt-trap" is a term to describe an international financial relationship where a creditor country or institution extends debt to a borrowing nation with the intention of extracting economic or political concessions when the debtor country becomes unable to meet its ...
The US Treasury building is reflected in the window of a souvenir shop in Washington, US, January 19, 2023. [Photo/Agencies] Market expectations for the Federal Reserve to end interest rate hikes have picked up as core inflation data in the United States has dropped and the University of ...
It's not a good idea to get on the United States' bad side. As the wealthiest country in the world, the U.S. also lays claim to the world's most powerful military. But when military might isn't called for, nothing compares to the repercussions that economic andtrade sanctionsimposed ...
Trump has also proposed a variety of tax cuts that could swell the deficit. Rates on Treasury securities might then have to rise to attract enough investors to buy the new debt. “I honestly don’t think the Fed has a lot of control over the 10-year rate, which is probab...
Why Is Washoe County Important? Of the presidential battleground states, Nevada has the fewest electoral votes, with six. But since 2000, the state has been hotly contested in four of the six presidential contests. In 2000, 2004, 2016 and 2020, the winner in Nevada has edged the l...
the Bush and Trump tax cuts alone haveadded$10 trillion to the debt and account for 57% of the increase in America’s debt-to-GDP ratio since 2001. Bear in mind, that compared to other rich countries, the United States still has close to thelowest tax revenues as a percent of its GD...
France is under pressure from the European Union’s executive body to reduce its debt. Earlier this year, the EU’s executive arm placed it under a formal procedure for countries running up excessive debt, the first step in a long process before member states can be hemmed in and pushed to...
A debate over the debt ceiling is at the center of a dispute over funding that is pushing the possibility of a federal government shutdown to the brink in Washington.