President Trump’s ‘One, Big, Beautiful Bill Act’ was approved with 215 votes in favor and 214 against. On Thursday, the U.S. House of Representatives has narrowly passed a large-scale tax and spending bill, which have drawn strong outcry from observers and the public for what they say will be heightening the already record-high national debt, […]

President Trump’s trade war has severely rattled markets, sending Treasury yields sharply higher. Long deemed a cornerstone of global financial stability, U.S. Treasury bonds are facing an unusual wave of sell-offs as investors increasingly view them not as a safe haven, but rather a source of risks. RELATED: Trump’s Approval Rating Drops to 42%, Lowest […]

A €40 billion adjustment will be needed in the 2026 budget to keep the public deficit at 4.6% of GDP. On Tuesday, Prime Minister François Bayrou sounded the alarm over the catastrophic state of France’s economy, describing the country as over-indebted and lacking sufficient production. RELATED: France to Retaliate if U.S. Imposes 200% Tariff on […]

In anticipation of the legislative elections, Milei is trying to curb the collapse of the Central Bank’s reserves. On Monday, Argentina’s risk premium jumped by 8.2%, reaching 863 basis points, in less than 24 hours. The U.S. dollar in the uncontrolled market rose to 1,325 pesos, experiencing a 2% increase. RELATED: Argentina Acquires a Huge […]

In essence, Argentina is seeking to borrow US$50 billion to pay off a previous US$46 billion debt to the IMF. On Thursday, Argentine Economy Minister Luis Caputo acknowledged that President Javier Milei is negotiating loans worth US$20 billion with the International Monetary Fund (IMF). RELATED: Argentines Will Only Be Able to Collect 80% of a […]

He thanked the creditors for their understanding and sensitivity to the challenges facing Cuba, underlining the importance of the European Union’s support in the negotiation process, with France as the host country. Related: Cuba Rejects the CRF Investment Fund as Its Legitimate Creditor Cuba has reached an agreement on the reordering of its debt following […]

He emphasized debt forgiveness as a key aspect of the Jubilee, a celebration set to take place in 2025. On Wednesday, Pope Francis called on countries with a Christian tradition to cancel or reduce the debts of the world’s poorest nations. He used the occasion of the Angelus prayer for the New Year, which coincides […]

‘The issue of debt is linked to peace and the black market for arms… Let’s work for disarmament’, the Pope said. On Thursday, Pope Francis urged an end to “colonizing peoples with arms” and called for support for an international campaign aimed at forgiving the “unsustainable and unjust” public debts of certain nations. RELATED: Israeli […]

U.S. debt is expected to reach 122.9 percent of GDP by the end of 2024 and 133.7 percent of GDP by 2029. On Wednesday, the International Monetary Fund (IMF) raised concerns about the systematic bias in debt projections made by most governments and called for immediate and decisive action to reduce the excessive global debt, […]

The federal government’s debt has reached yet another psychological threshold amid widespread concerns. According to data released by the U.S. Treasury Department on Monday, the federal government’s total public debt has surpassed US$35 trillion for the first time, as recorded at the end of last week, equivalent to the combined economic output of China, Germany, […]