The Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook today, showing that under current law, d ...

Spending by governments on interest payments reached 3.3% of GDP in its member countries, higher than what they spend on ...

Chancellor-in-waiting Friedrich Merz urged sceptical lawmakers on Thursday to back his proposals for a massive increase in ...

THE global financial crisis has taken its toll on the world economy, especially on the public finances of advanced economies. As a share of GDP public debt has grown sharply in recent years—from 70 ...

In other words, global debt now exceeds the world’s GDP by three times. During the same 10-year period, household debt rose by 50% to $60.1 trillion, while debt for non-financial companies grew ...

As President Donald Trump’s tariffs roil the U.S. and global economies, lawmakers returned to Washington late Monday under new pressure to pass tax laws and raise the country’s borrowing limit to ...

BERLIN (Reuters) - Germany's outgoing lower house of parliament began a special session on Thursday to debate a 500 billion euro fund for infrastructure and sweeping changes to borrowing rules in ...