Governments worldwide are in a bit of a pickle. They've been spending more than they earn, and the debt is piling up. This isn't new, but it's getting worse. Before the pandemic, global debt was already high, but now it's even higher. And it's not slowing down. Five years ago, when the pandemic hit, governments had to spend big to keep economies afloat. They had to ...
Denver's leaders are pushing for more bonds to fund new parks, recreation centers, and roads. But bonds are not free money. They are loans that must be repaid with interest. This means that every time the city takes on more debt, it is the taxpayers who will ultimately foot the bill. Bonds are often misleadingly presented as a way to get things done without raising ...
Some former employees of the National Oceanic and Atmospheric Administration (NOAA) are in a tough spot. They were fired, then rehired, and then fired again. Now, they're getting bills for health insurance they never had. The workers say they received letters demanding payment for health care premiums. The letters claim the workers owe money for coverage during a ti...
The recent rise in the yield of the 30-year Treasury bond has caught the attention of investors. It crossed the 5 percent mark. This spike came as a reaction to a Republican budget plan. The plan could lead to unprecedented levels of U. S. fiscal debt. The U. S. President did not address this concern recently. He was busy rallying support for the bill. The bill is c...
The U. S. economy is facing a tough time. Investors are losing trust in it. They are selling off government bonds. This is happening because of worries about Donald Trump's tariffs. These tariffs are taxes on goods coming into the U. S. from other countries. They went into effect recently. This has sparked a trade war, especially with China. The interest rate on U. ...
China's Ministry of Finance recently held a press briefing, highlighting its focus on resolving local government debt issues rather than providing the economic stimulus markets were hoping for. Finance Minister Lan Fo'an outlined four key measures to support local governments in managing debt risks. Only after these points did he mention that the country is consideri...