Rising gold prices are signaling growing skepticism about global fiscal policies, according to Ajay Rajadhyaksha, Chairman of Barclays Global Research. His recent report highlights that the current economic […]
Japan Evaluates Debt Markets Amid Takaichi’s Stimulus Push
Japanese bond yields are climbing as government officials push for increased spending, raising concerns among investors and prompting a market re-evaluation of fiscal policy’s impact on the nation’s […]
UK Treasury Considers Extending Income Tax Freeze to Raise £7 Billion Yearly
The UK government is considering extending the freeze on income tax thresholds past 2028, raising concerns about the impact on workers. The plan could generate an additional £7 […]
Germany’s Economic Reforms: Addressing Recession with Fiscal Tightening
Following Germany’s economic contraction of 0.3% in Q2, Finance Minister Lars Klingbeil has implemented fiscal reforms to address a projected €30 billion budget deficit by 2027. These measures […]
S&P Maintains US Sovereign Rating: Stable Outlook
The S&P has maintained the United States’ top rating, awarding an AA+/A-1+ sovereign rating and a stable outlook. This decision came following approval of President Trump’s major tax […]
U.S. National Debt Surpasses $37 Trillion, Raising Fiscal Concerns
The U.S. national debt has officially reached a staggering $37 trillion, marking a critical milestone that is raising alarm bells about fiscal sustainability. According to the U.S. Treasury […]
U.S. National Debt Reaches Record $37 Trillion Amidst Fiscal Challenges
The U.S. national debt crossed the $37 trillion mark for the first time, according to PANews, as fiscal challenges continue to mount. This latest milestone was recorded on […]
US Deficit Rises to $1.626 Trillion, Impacting Fiscal Projections for 2025
A new analysis from the Congressional Budget Office (CBO) reveals a significant increase in the US deficit for FY2025. The deficit reached $1.626 trillion between October 2023 and […]
Republican Tax Proposal Threatens ‘Tax Cliff’ by 2028, Sparking Political Debate
A new House bill, proposed by Republicans seeking to make long-term tax provisions permanent, may result in a significant ‘tax cliff’ when President Trump’s term ends in 2028. […]
Trump Proposes $1.6 Trillion Spending Cuts to Drive Economic Growth
Former U.S. President Donald Trump has endorsed a sweeping bill targeting $1.6 trillion in spending cuts, aiming to stimulate economic growth and potentially impact cryptocurrency markets. This proposal, […]
U.S. Customs Tariff Revenue soars 270% in May
May saw a record-breaking $23 billion in customs tariff revenue for the United States, marking a significant surge of 270% compared to last year. This substantial increase follows […]
Scott Bessent Clashes with Democrats over Budget Concerns
During a House Ways and Means Committee hearing, US Treasury Secretary Scott Bessent clashed with Democratic representatives regarding the escalating national deficit. Bessent attributed the significant increase in […]
U.S. Debt Ceiling Deadline Looms This Summer
The U.S. Treasury Secretary, Janet Yellen, has confirmed that the debt ceiling deadline is approaching, likely arriving within the latter half of 2023. The anticipated X-Date will signal […]
Elon Musk Raises Alarm Over U.S. Fiscal Stability
Elon Musk has issued a warning about the potential financial instability of the United States, citing concerns over escalating government debt and its impact on vital programs like […]
Bitcoin Proffered As Solution to Fiscal Crisis, Adam Back Urges Elon Musk to Diversify
Prominent crypto figure Adam Back has encouraged billionaire Elon Musk to invest in Bitcoin as a solution to the looming fiscal crisis. His call came in response to […]