People are talking about a big U. S. debt situation. Some say Russia knows something about it. But let's focus on the facts. The U. S. debt is huge. It's $37 trillion. That's a lot of money. Some think it will grow to $70 trillion. That's what E. B. Tucker thinks. He's an expert in money matters. Russia's advisor, Alexander Kobyakov, says the U. S. wants to get rid...
The United States is in a bit of a financial pickle. The national debt has ballooned to a staggering $37. 09 trillion, with $9 trillion added in just four years. This massive debt surge has some experts pointing fingers at a decision made back in 1971, when President Richard Nixon ended the gold standard. Back then, the dollar was backed by gold, which meant the gov...
Big companies are making huge bets on Ether, the second-largest cryptocurrency. BitMine Immersion Technology is trying to raise a massive $24. 5 billion to buy more Ether. At the same time, SharpLink just got $389 million to add to their crypto holdings. These companies are already among the top holders of Ether, with BitMine owning a whopping 1. 2 billion ETH. Mean...
The federal government is in a tough spot. The national debt is climbing, and the recent tax and spending cuts passed by the House could add over $5 trillion to it in the next decade. The White House is betting on economic growth to shrink these deficits, but not everyone is convinced. The Committee for a Responsible Financial Budget, a group that keeps an eye on the...
The House of Representatives, controlled by Republicans, just passed a huge tax and spending bill. This bill is a big deal because it puts a lot of money into the military and border security. It also gives tax breaks to certain groups, like people who receive tips or have car loans. This bill is part of President Trump's plan to keep his campaign promises. It will a...
In the spring of 2020, the United States faced an unprecedented health crisis that sent shockwaves through the economy and put millions of lives at risk. Lawmakers from both major political parties joined forces to pass a massive and costly emergency response. This effort helped prevent long-term damage to the economy. However, this financial aid came at a price. Tod...
The US government's borrowing costs have seen a recent surge, reflecting ongoing economic concerns. The interest rate on long-term US government debt briefly exceeded 5% before slightly easing. This spike came shortly after Moody's, a credit rating agency, lowered the US government's credit rating. The downgrade was due to the significant increase in US debt over the...
The United States faced a significant credit rating downgrade. This is not the first time this has happened. The last two times were in 2011 and 2023. This time, it was Moody's turn to lower the rating. They dropped the US credit rating from Aaa to Aa1. This change sent shockwaves through the financial markets. The impact was immediate. Treasury yields spiked,...
The House of Representatives is still aiming to pass a significant bill by the end of the week. This bill, known as the "One Big Beautiful Bill Act, " is a crucial part of President Donald Trump's agenda. The bill faced a setback on Friday when some Republicans, both hard-liners and moderates, opposed it. Despite this, Speaker Mike Johnson remains optimistic. He beli...
The US government's credit rating just took a hit. The news came from Moody's Ratings, which made the announcement on a Friday evening. This change is expected to make the start of the trading week rough for investors. The reason? Worries about the US debt, not trade issues, are the main culprit this time. The downgrade means the US government is no longer at the to...