Italy's public debt rose to a historic high, reaching €3.0052 trillion in November, the country's central bank reported on Wednesday."From an economic standpoint, what matters for assessing the health of a country's public finances is not so much the nominal public debt itself, but rather its trend in...
The Accounts Chamber of the Russian Federation announced that Russia's public debt grew by 2.775 trillion rubles in 2023, totaling 25.595 trillion rubles, or 15% of the GDP.
The figure represents a 12.2% increase from the previous year, with domestic debt rising by 2.0318 trillion rubles, or...
JPMorgan CEO Jamie Dimon warned Friday about the current geopolitical situation and its effect on world markets and global trade. "This may be the most dangerous time the world has seen in decades," Dimon expressed in comments to JPMorgan's latest earnings report.
According to the CEO, the...
The European Commission is preparing a proposal to update the Stability and Growth Pact, resulting in bilateral debt reduction agreements between the European Union and individual member states, the Financial Times reported on Monday. The reform will aim to simplify the bloc's fiscal rules and give...
United States Treasury Secretary Janet Yellen (pictured) warned on Tuesday that failing to raise the debt limit would likely undermine confidence in the dollar as a reserve currency.
Not lifting the limit would also lead to a spike in interest rates on the US debt.
"If the debt ceiling were not raised I think...
The total outstanding debt of the United States government stands at $22.01 trillion, the Treasury Department said in its detailed report on Tuesday.
This is $2.06 trillion higher than two years ago, when US President Donald Trump took office. The pace of growth of government debt...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
