You Searched For "government debt" and got 20 results
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2 mins read
Australia announced a sweeping plan to forgive 20% of student debt
The move, which could take effect in June if the current Labor government stays in power, would era…
Hannah Abraham
1 min read
China to increase debt issuance in bid to revive economy
China slipped into deflation in 2023 as a result of weak domestic demand and a struggling property …
Rebecca Rommen
1 min read
Billionaire investor Ray Dalio warns debt is being devalued as governments pile it up and central banks keep rates artificially low
Ray Dalio says he is worried by the amount of debt held globally, and how central banks are using i…
Kelly Cloonan
1 min read
China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy
Beijing could raise 6 trillion yuan, or $850 billion, by selling treasury bonds over the next three…
Jennifer Sor
2 mins read
Global government borrowing is set to top $100 trillion — and shows no signs of slowing down
Broader support for more public spending, resistance to tax hikes, and spending pressures have driv…
Theron Mohamed
2 mins read
60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court
The latest student-loan forgiveness announcement brings the total number of borrowers approved for …
Ayelet Sheffey
3 mins read
8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan
A Missouri judge blocked student-loan forgiveness under the SAVE plan and will soon hear oral argum…
Ayelet Sheffey
2 mins read
30 million student-loan borrowers waiting for Biden's broader debt cancellation just got a lifeline in court
A Georgia judge declined to block Biden's broader student-loan forgiveness plan, instead transferri…
Ayelet Sheffey
2 mins read
30 million student-loan borrowers get bad news after a Trump-appointed federal judge officially blocks Biden from carrying out broader debt cancellation
Just hours after the lawsuit to block broader student-loan forgiveness was transferred to Missouri,…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk
The on-ramp period for student-loan borrowers is ending this month, meaning missed payments will no…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers are losing a key debt relief program in 30 days
The on-ramp period for student-loan borrowers ensured any missed payments weren't reported to credi…
Ayelet Sheffey
1 min read
Fitch retains India rating at 'BBB-' with stable outlook
India's rating has remained unchanged at 'BBB-', the lowest investment grade, since August 2006.
PTI
1 min read
The US debt will surge to $56 trillion in the next 10 years as government spending outpaces revenues
The federal debt is on track to soar 64% over the next decade, notching $56 trillion, according to …
Jennifer Sor
2 mins read
Jamie Dimon says the 'Buffett rule' approach to taxing the wealthy could solve America's debt problem
The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lowe…
Filip De Mott
3 mins read
Russia's defense sector is running on overdrive — but firms are warning of bankruptcy
Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…
Thibault Spirlet
4 mins read
A Gen Xer was tired of balancing 2 jobs and earning under $50,000 a year so he went back to school. The decision 'changed his life,' he said.
A Gen Xer went back to college at age 36 to boost his pay. Today he's got a master's degree and is …
Jacob Zinkula
4 mins read
China lost 36% of its billionaires to years of economic troubles and crackdowns
China has lost 432 billionaires since the high of 1,185 in 2021, according to a list compiled by t…
Hannah Abraham
2 mins read
China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
China is weighing additional stimulus that would increase if Trump wins the US election. The candid…
Kelly Cloonan
4 mins read
A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'
Shirin Tajani works two jobs, six days a week, but can't keep up with her student loan and credit c…
Ayelet Sheffey
3 mins read
Trump called inflation a disaster for consumers — and Musk blamed it on government waste
Higher food costs are pinching budgets and inflation eroded the value of savings, Donald Trump said…