US debt
What will the US debt reckoning look like?
There are six possible scenarios, with crisis-induced austerity the most likely outcome
US Senate passes Trump’s sweeping tax-and-spending Bill, setting up House battle
The measure would extend his 2017 tax cuts, give new tax breaks for income from tips and overtime pay and increase spending on the military and immigration enforcement
Could the bond market stymie Trump’s economic plans?
Bond investors are concerned that the Federal Reserve may continue lowering rates while the economy is growing robustly, risking more inflation
Chicago plans US$1.5 billion bond refinancing in early December
CHICAGO plans to tap the muni market for US$1.5 billion early next month to refinance its debt as it looks to capitalise on the Federal Reserve lowering interest rates.
Most Americans expect Trump to increase US debt
Trump’s tax cut proposals could add US$7.5 trillion to the nation’s debt over the next decade
US household debt levels edge up in Q2, NY Fed survey shows
TOTAL US household debt levels edged up in the second quarter but overall delinquency rates stabilised, indicating that borrowers are still in decent enough shape to support the economy, a report from...
IMF steps up its warning to US over spending and ballooning debt
The International Monetary Fund levelled an unusually direct criticism at US policymakers on Tuesday (Apr 16), saying the country’s recent standout performance among advanced economies was in part dri...
OECD sees total bond debt to rise in 2024 on tightening financial conditions
The Organisation for Economic Cooperation and Development (OECD) said on Thursday (Mar 7) it expects its governments’ total bond debt to rise to US$56 trillion this year from US$54 trillion in 2023 in...
Rising US debt stokes calls in Congress for special fiscal commission
THE US Congress is facing growing calls to find a way to stem rising budget deficits and debt following this month’s warning by Moody’s that political dysfunction could lead it to lower the federal go...
There is political logic to Fitch’s downgrading of US debt
A divided Congress is in no position to tackle America’s serious fiscal problems
