Beijing’s three-day Forum on China-Africa Cooperation (FOCAC) concluded on Friday with more pledges of funding for Africa, even though China’s sputtering economy may be hard-pressed to meet those commitments.
During an interview with ABC News on Monday, Sen. Chris Murphy (D-CT) responded to a question on if he’s concerned that the economic plan laid out by 2024 Democratic presidential candidate Vice President Kamala Harris will initially add large sums
Nigeria accused a Chinese company of using “unorthodox means” and “subterfuge” to seize Nigerian government property abroad.
More details have been reported about a father killing his family before taking his own life in their Dover, Massachusetts, $5 million home.
The 2024 federal budget deficit will climb to $1.9 trillion, thanks, in large part, to student loan “forgiveness.”
During an interview aired on Thursday’s broadcast of the Fox News Channel’s “Your World,” Treasury Secretary Janet Yellen stated that the current interest burden of the national debt is at a “normal” level, but President Joe Biden wants to cut
Share prices in China’s tottering real estate market perk up as municipal governments start buying up distressed properties.
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen stated that because interest rates are lower than they were in prior decades even with rate hikes, “we can probably manage and have a fiscally sustainable path with [a]
President Joe Biden is underperforming among young voters who are concerned about their economic plight, recent polling shows.
The Lowy Institute of Australia published a report on Wednesday that found China’s funding for its Belt and Road Initiative (BRI) projects in Southeast Asia is about $50 billion short of its commitments, apparently due to a variety of causes, from political instability in BRI countries to reduced demand for fossil fuel projects.
China set an official 2024 target for GDP growth of around five percent in a report from Premier Li Qiang to the National People’s Congress.
Economy Minister Luis “Toto” Caputo announced over the weekend that Argentina registered a roughly $620 million financial surplus in January, the first positive financial result of its kind experienced by the South American country in 12 years.
Bidenflation has been a one-two punch to U.S. consumers, hitting them first on prices of goods and second on the cost of debt that financed their purchases.
All public-school students in Decatur, Georgia, have had their lunch debt wiped out thanks to generous community members and new grant money.
Ethiopia on Tuesday became the third African nation in three years to default on its sovereign debt, following Zambia and Ghana.
Chinese officials signaled that a bailout for the property sector could be imminent as banks face a $4 trillion mountain of bad loans.
The Chinese Communist Party is pressing privately-owned businesses to make big investments in infrastructure projects.
On Monday’s broadcast of Bloomberg’s “Balance of Power,” White House National Economic Council Director Lael Brainard broke with Treasury Secretary Janet Yellen’s assessment that the rise in Treasury yields that increases the cost of the U.S. government borrowing money isn’t
During an interview with Bloomberg on Thursday, Treasury Secretary Janet Yellen stated that the rise in Treasury yields that increases the cost of the U.S. government borrowing money isn’t largely connected to the deficit, but is largely “a reflection of
The Hong Kong Stock Exchange posted a notice on Thursday that trading had been suspended for shares of China Evergrande Group.
The Chinese Communist Party has reportedly placed Hui Ka Yan, the billionaire chairman and founder of China’s gigantic and dangerously indebted Evergrande Group, under police surveillance, reports indicated Wednesday.
China’s Evergrande Group took a horrifying $2 billion plunge in the Hong Kong stock market on Monday morning, losing 80 percent of its share value on the first day of trading after a 17-month suspension.
On Thursday’s broadcast of Fox News Radio’s “Brian Kilmeade Show,” Rep. Michael Waltz (R-FL) responded to criticism of the trillions of dollars added to the national debt under former President Donald Trump by 2024 GOP presidential candidate former UN Ambassador
On Thursday’s broadcast of Fox News Radio’s “Brian Kilmeade Show,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis (R) said that Republicans have added trillions to the debt, including under the Trump administration, and “There’s something about these rich men
A 14-year-old in North County, Missouri, is lifting the burden of school lunch debt from students at a campus close to his heart.
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the downgrading of the U.S. credit rating by Fitch and its concerns about government deficits and debt by stating that
So much for the Tories, who have enjoyed 13 years under false promises of fiscal probity: UK net debt is now 100.1 per cent of GDP.
During a portion of an interview with the Fox News Channel that took place on Monday and was aired on Tuesday’s broadcast of “Special Report,” 2024 Republican presidential candidate former President Donald Trump responded to the amount added to the
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” House Assistant Minority Leader Rep. James Clyburn (D-SC) claimed that while President Joe Biden “has increased a lot of spending” “We didn’t run up the debt” because they paid for things like the
The Zambian government passed a law on April 17 that allows citizens to cash out up to 20% of their pensions early. The resulting hit to government finances as claimants raced to pull some $300 million out of the National Pension Scheme Authority (NAPSA) is threatening to topple Zambia’s finances, and endangering a debt relief deal it has been working on since 2020.
Reuters reported on Wednesday that a wave of Chinese hackers targeted the Kenyan government in a cyber-espionage campaign that lasted for three years, beginning after Kenya took out gigantic loans from Chinese banks to finance Belt and Road Initiative (BRI) infrastructure projects.
The Education Department is “preparing to restart” federal student loan debt payments after a three-year pause during the pandemic.
A report revealed 62 percent of United States adults live paycheck to paycheck.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that while he does think expanding the child tax credit worked, there isn’t the political will for it because, in addition to a general distrust of government programs that
On Friday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Congressional Budget Office (CBO) Director Phillip Swagel stated that while it is mathematically possible to balance the federal budget within ten years without touching Social Security and other
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that he believes the debt-to-GDP
Debt is expected to be 118 percent of GDP by 2033.
On Thursday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Sen. Joe Manchin (D-WV) stated that House Speaker Kevin McCarthy’s approach to the debt ceiling is “most reasonable” and argued that spending reductions of 5-10% across the board should be
On Thursday’s broadcast of MSNBC’s “Katy Tur Reports,” White House Council of Economic Advisers member Jared Bernstein stated that we have a large national debt because there’s “a real reluctance to raise the revenues we need to meet our spending
On Friday’s edition of NBC’s “Now Tonight,” White House Council of Economic Advisers member Jared Bernstein argued that America’s government debt doesn’t weaken the country. Host Jake Ward asked, “For those of us at home, the idea of having debt
