In the Event of an Official US Bankruptcy
The current known federal debt is $31.7 trillion according to the web site, US Debt Clock, which is about $94,726 for every man, woman, and...
Price Inflation Growth Slowed Slightly in April. Now Wall Street Will Demand More Easy Money.
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming in...
Fed Officials Signal Rate Caution on Credit and Price Pressures
(Bloomberg) — Two Federal Reserve officials signaled they favored pausing interest-rate increases, while a third policymaker said the central bank’s task in subduing inflation was...
Biden’s budget vs. Republican debt ceiling bill on spending, deficits, taxes
WASHINGTON, May 15 (Reuters) – President Joe Biden’s administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the...
Washington’s Window for Resolving the US Debt Ceiling Is Closing
(Bloomberg) — Markets are on edge over whether budget talks will produce a solution to the US debt-ceiling crisis as the window for averting a...
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
A clerk uses a credit card reader to charge a customer in Miami. Getty Images Total consumer debt hit a fresh new high in the...
World Leaders Warily Watch U.S. Debt-Limit Standoff
The impasse in Washington over raising the roughly $31.4 trillion borrowing limit is looming over a series of meetings of the Group of Seven advanced...
Argentina is set to raise interest-rates to 97%
Over the weekend I was thinking about Turkey and the issues of high interest-rates and currency devaluations, partly due to the Presidential elections there. But...
The dollar’s international decline is becoming really obvious
On the morning of February 23, 1944, US President Franklin Roosevelt sent an important telegram to two of his key allies overseas– British Prime Minister...
The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression
Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years....