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 ...

Developing countries want the money to mostly come from rich government budgets in the form of grants or money without ...

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 ...

Elon Musk believes the addition of a DOGE clock to the US Debt Clock website is a “start” in the battle to eliminate waste and fraud in the federal government. The tech billionaire and head of ...

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

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 ...

HONG Kong’s New World Development, which has been battling liquidity stress for the past three years, is set to report an interim net loss of up to US$875 million on Friday (Feb 28), hurt by a ...