The European Commission rejected Italy’s draft 2019 budget on Tuesday, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action.
The federal debt increased by $1,271,158,167,126.72 in fiscal 2018, according to data released today by the Treasury.
The Italian government is creating further turmoil in financial markets on Tuesday morning, after new comments that Rome would be better outside of the euro zone.
Interest rates on U.S. 30-year fixed-rate mortgages increased to their highest levels in more than seven years in line with bond yields which rose on the view of sturdy economic growth and heavy debt supply, data from Freddie Mac showed on Thursday.
Ten years after the worst financial panic since the 1930s, growing debt burdens in key developing economies are fueling fears of a new crisis that could spread far beyond the disruption sweeping Turkey.
Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States – an indication that they are ready to endure economic pain and risk further deterioration in a key, yet troubled alliance dating from the Cold War.
The untold story of the world economy is the potentially explosive interaction between the spreading trade war and the overhang of global debt, estimated at a staggering $247 trillion. That’s ‘trillion’ with a ‘t.’ The numbers are so large as to be almost incomprehensible.
Debt as a share of the United States economy is on track to blow through the previous World War II-era record within two decades and keep rising from there, the Congressional Budget Office said in its annual long-term budget report.
President Trump’s proposed budget would add $2.3 trillion more to deficits over the next decade than the White House estimated, the Congressional Budget Office said Thursday.
The US ratcheted up pressure on Venezuelan President Nicolas Maduro on Monday by further tightening economic sanctions against the cash-starved leftist regime.
U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after his department said it borrowed a record amount for the first quarter.
Global debt hit its highest levels ever and governments should take actions to reduce their indebtedness while the going is still good, the International Monetary Fund said.
Republicans’ tax cuts and the new spending bill Congress approved last month will send the economy surging this year to 3.3 percent growth — but will also send the deficit soaring back to the record levels of the early Obama years, the Congressional Budget Office said Monday.
Christian ministry Prison Fellowship has praised President Donald Trump for designating April 2018 “Second Chance Month.” A little more than a week ago, the group’s CEO had expressed concerns over Trump’s plan to impose the death penalty on drug traffickers when it is appropriate to do so under current law.
President Trump vowed he would never get snookered into signing another one of Congress‘ bloated, budget-busting spending bills, but the resounding response from Washington was ‘fat chance.’
Total U.S. credit card debt has topped $1 trillion for the first time, according to a new report from the card comparison site WalletHub.
Americans’ wealth pushed further into record territory in the final quarter of last year, hitting nearly $100 trillion thanks to rising stock markets and property prices.
The American consumer is loading up on debt.
President Trump’s second budget will cut $3 trillion in spending over the next 10 years, White House officials indicated Sunday night, but won’t be balanced.
The Republican National Committee raised $132.5 million in 2017, a record for a year without a presidential election, chairwoman Ronna McDaniel said Wednesday.