OECD report points to mounting global debt crisis
Across the 38-member organisation, interest payments on government debt are swallowing an ever-greater portion of government ...
U.S. could face default by August if Congress doesn't address debt ceiling, budget office says
The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...
Trump’s America ‘risks debt default by August’
The US treasury department’s ability to borrow “will probably be exhausted in August or September”, according to the ...
AllAfrica on MSN2d
Quick Explainer - Government Debt and Why It Matters
Minister of Finance Enoch Godongwana reminded everyone during his budget speech in March: South Africa is spending more than 22c of every rand raised in taxes just to pay interest on government ...
US Government Could Face Default Risk as Soon as July, Analyst Projects
WASHINGTON (Reuters) - The U.S. government will risk defaulting on some of its $36.6 trillion in debt sometime between ...
US Economic Growth to Slow in the Next 30 Years, Fueled by Debt and Declining Birth Rates, CBO Says
Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, ...