President Joe Biden and Speaker of the House Kevin McCarthy have a tentative agreement that would raise the national debt limit and end their standoff just days before a possible US default, Yahoo reports. The US is days away from...
The White House and Republican representatives have made some progress in negotiations to raise the $31,4 trillion debt ceiling. This was stated by the main Republican in Congress Kevin McCarthy. What is a debt limit and why this agreement is so important, told ...
Russia will sue if the West tries to force it to default on sovereign debt, Finance Minister Anton Siluanov said on April 11, sharpening Moscow's tone in its financial fight with the West, Reuters reported. “Of course, we will sue, because ...
The most expensive home in America is up for sale at three times its market value due to the insolvency of its owner. The house was seized from him on a debt of $ 165 million, according to CNBC. According to court records, a mega-mansion in Los Angeles that should ...
It looks like Congress will reach an agreement on an increase in the federal borrowing limit before the government runs out of money to pay bills in the coming months. The limit was suspended in 2019 and automatically reinstated earlier this month. High-ranking ...
American households' debt has surpassed a record high in 2008, a milestone for the recovery and shows that consumers are taking out loans again. But while debt falls short of the risks that hit the financial system 9 years ago, everyone ...
On Friday, July 24, Ukraine made regular payments on Eurobonds in the amount of $ 120 million and was able to avoid a technical default, a spokesman for the Ministry of Finance said. Today was the deadline for the maturity of the coupon on the Eurobonds. In particular, on July 17, 2012 Ukraine sold its Eurobonds ...
Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin held telephone conversations, during which they discussed the referendum that took place on Sunday and the “further development of Russian-Greek cooperation.” According to the Kremlin press service, the initiative to talk with Putin came from the Greek authorities. "Vladimir Putin...
The crowdfunding site IndieGoGo, initiated by Briton Tom Feeney, is collecting donations for the restoration of the Greek economy. At the time of writing, users have donated about one hundred thousand euros in less than three days. "I'm not kidding. Crowdfunding can really help. You just need to get together and...
Greece will not pay 1,54 billion euros to the International Monetary Fund on June 30, which will lead to the country's default, writes The Wall Street Journal, citing a source in the Greek government. Note that Athens could have announced a default today if it had not paid a tranche in the amount of ...