Category : Debt crisis
RBA shows the Risks of Debt implosion in China
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.
U.S. National Debt Reaches Record $21 Trillion
United States national debt exceeds $21 trillion for the first time in history.
Rickards: Creative Debt Distribution Won't Fix Federal Debt Problem
"We have forgotten, as a society, that real goods and services have a real cost."
Dodd-Frank overhaul heading for likely passage in Congress
The measure includes various provisions that affect consumers, including one that might make it easier to get a mortgage at their local bank or credit union.
More Americans are struggling to pay their credit cards
Interest rates, which influence the cost of borrowing, are on the rise after the Federal Reserve kept them near zero for years.
The U.S. is Shackled by Historic Debt
Do you feel as if you’re drowning in debt? It’s worse than you think.
Consumer debt is set to reach $4 trillion by the end of 2018
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018.
Italy is thinking about taking a $250 billion writedown
Huffington Post Italia leaked a government proposal late Tuesday showing that populist parties had drafted plans to ask the European Central Bank for debt forgiveness of €250 billion ($300 billion).
Argentina seeks IMF financial aid 'to avoid crisis'
Argentina is to start talks about a financing deal with the International Monetary Fund (IMF) on Wednesday amid reports it is seeking $30bn.
Breaking down America’s worst long-term challenges
Today, the national debt stands at more than $21 trillion.