Congress solved the problem with the public debt: there will be no default, but benefits will be cut and requirements for their recipients will be tightened

The US Congress passed the debt ceiling package just a few days before the Treasury Department would run out of funds sufficient to pay all obligations on time and in full. More details about the agreement, thanks to which it was possible to avoid default, told the CNN edition. …

America is threatened with default: how it will affect your life

The US is days away from being unable to pay its bills. Since the U.S. hit the national debt limit (that is, the total amount of federal debt that can be outstanding) in January, the Treasury Department has been using…

In a week, a default may begin in the US: what is happening

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 ...

Hundreds of thousands from each taxpayer: the real US national debt is catastrophically higher than the official one

America's national debt exceeds $ 123 trillion, more than four times the official figure of $ 28 trillion calculated by the US Treasury Department at the end of March, according to a new report. Writes about this The Epoch Times. Federal expenses related to ...

At the end of 2020, the US national debt may exceed the size of the American economy

While the United States continues to struggle with the economic recession as a consequence of the pandemic, the growing public debt is hardly talked about, writes CNN. Even opponents of the deficit are persuading Washington and the White House to approve yet another round of much-needed economic stimulus. "Federal…

Less than $ 10 billion: Russia continues to reduce investments in US public debt

Russia continues to reduce investment in US government securities. Their volume over the last month decreased from $ 10,85 billion to $ 8,5 billion, according to the data of the US Department of the Treasury, writes Lenta.Ru. Of the remaining amount, $ 6,239 billion falls on long-term securities, and ...

US national debt hit a record high

The US national debt reached $ 22,01 trillion, according to the US Treasury Department on February 11. Earlier, CNN reported that under the Trump presidency, the country's national debt grew by $ 2 trillion. The US government debt as of February 11, 2019 reached a record level and ...

Germany offered the United States to exchange Greece for Puerto Rico

German Finance Minister Wolfgang Schäuble offered his US counterpart Jack Liu to exchange Greece for Puerto Rico, Bloomberg reports. Schäuble believes that the Americans could accept the Balkan state into the dollar zone, while the Caribbean island will go to the European Monetary Union. Lew, ...

Poroshenko signed a law allowing not to pay debts

Ukrainian President Petro Poroshenko has signed a law allowing the government, if necessary, to refuse payments on the state's external debt. On May 19, the bill was submitted to the Verkhovna Rada and, on the same day, was adopted. The authors of the initiative explained that the President ousted from power ...

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