Elizabeth Schulze reports on impact of debt ceiling on US economy Joe Biden and House Speaker Kevin McCarthy are set to sit down today to discuss the US debt ceiling. However, Biden has said a raise is non-negotiable while McCarthy’s Republicans want
Kevin McCarthy took to Twitter to hit back at Joe Biden’s demands to “show me your budget and I’ll show you mine” ahead of their pivotal White House meeting. The pair are due to discuss their fiscal demands as they battle against
Treasury Secretary Janet L. Yellen announced last week that America had reached its existing borrowing cap of $31.4 trillion, starting the debt issuance suspension period. After this point, the US will begin to default on its debt, which risks plunging the country
Sri Lanka is making progress with debt restructuring, must repay $28 billion in foreign debt by 2027
Debt-stricken Sri Lanka’s Central Bank chief said Wednesday that the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund rescue plan. Sri Lanka is bankrupt
The world could be on the edge of a global financial crisis if the US debt limit is not raised. On Thursday, the USA reached its $31.4trillion debt limit on Thursday and has begun measures to stop the crash from happening. If
Joe Biden has refused to compromise on spending as the US approached the trillion dollar debt ceiling. But what is the debt ceiling? And how will hitting it affect you? Republican Speaker Kevin McCarthy has said his party in Congress will only
Debbie Twist, the grandmother at the head of her family’s drug ring, was killed by a homeowner after she attempted to break into his property. The Manchester Evening News has reported that on March 17 2019, Debbie Twist arrived at the property
Comment on this story Comment Dear Amy: I recently found out that my husband of seven years has been using high-interest credit cards in his own name to buy expensive luxury items (wine, watches, clothing, etc.). The total bill of this debt