Latest in Debt Forgiveness
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German defence splurge could revive Italy’s manufacturers, says minister
Adolfo Urso praises Berlin’s decision to slash ‘two taboos in one fell swoop’ — on debt and on military spendingFinancial Times - 5d -
Moody’s warns on deteriorating outlook for US public finances
Rating agency says Donald Trump’s policies could make it more difficult to offset rising deficit and debtFinancial Times - 3d -
UK forges ahead with billions in welfare spending cuts as growth forecast halved
British lawmakers and the public are waiting to see if Reeves will stick to her self-imposed spending and debt rules.CNBC - 2d -
US projected to default this summer absent congressional action
The debt ceiling, currently at $36.1 trillion, establishes a statutory limit that the government may borrow.ABC News - 2d -
‘I’m absolutely terrible at managing money’: I’m 35 with zero savings and $8,000 debt. How do I turn my life around?
“I want to get into a financial position where I’ve got decent retirement savings.”MarketWatch - Mar. 20 -
Consumer credit rose to $5 trillion in January — 'small cracks are starting to emerge,' analyst says
Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report.CNBC - Mar. 10 -
Shares of iRobot tank 30% after Roomba maker raises doubt about its survival
The Roomba maker faces mounting debt and sputtering revenue growth, as well as heightened competition from robotic vacuum makers based in China.CNBC - Mar. 12 -
2-year yield ends at highest in over 2 weeks as traders assess stagflation risk
Yields on U.S. government debt finished mixed on Monday after February retail sales came in below expectations and raised continued questions about the strength of the economy.MarketWatch - Mar. 17 -
ThyssenKrupp’s warship division expects its market size to triple as defense spending surges
That comes on the back of the German parliament voting in favor of a major fiscal package, which includes changes to debt policies for higher defense spending.CNBC - Mar. 20 -
U.S. Could Run Out of Cash by May, Budget Office Predicts
The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or suspend the nation’s debt limit.The New York Times - 2d -
From troublemakers to team players: House Freedom Caucus softens as Trump transforms GOP
The band of far-right rebels supported a budget plan with a massive debt limit hike and a status-quo bill to keep the government open, two things they've long been fiercely against.NBC News - Mar. 12 -
Zelenskyy urges Trump to use ‘strength of America’ to force Moscow into ceasefire after US-Russia talks – Europe live
Ukraine president says pressure must be put on Russia after US president says talks between Witkoff and Putin were ‘productive’. Germany is close to unlocking the way to a massive increase in ...The Guardian - Mar. 14 -
‘Germany is back’: Merz secures Greens’ support for defence spend boost
Backing of Greens is tantamount to approval of chancellor-in-waiting’s proposal to relax debt brake. Germany’s conservative chancellor-in-waiting, Friedrich Merz , has said he has secured the ...The Guardian - Mar. 14 -
Bundestag prepares to vote on historic borrowing package in key test for Merz
Likely next chancellor needs two-thirds majority to back €500bn infrastructure fund and relaxation of debt rules. Germany’s likely next chancellor is to face a key vote on plans to unlock a record ...The Guardian - Mar. 18 -
FAIR Plan secrets: Why California's insurer of last resort is so secretive (and why it could cost you)
There’s a lot we don't know about California's Fair Plan, and now people who don't have the insurance of last resort are on the hook for the FAIR Plan's debt. CBS New California Investigates "FAIR ...CBS News - Mar. 18 -
U.S. Treasury prices rally as risk-off theme prevails in stocks
U.S. government debt rallied on Tuesday, pushing yields lower for the day, as risk-off sentiment took hold in the stock market and the Federal Reserve’s two-day policy meeting got underway.MarketWatch - Mar. 18 -
2-year Treasury leads yields lower as Fed sticks with 2025-27 rate-cut forecast
U.S. government debt rallied on Wednesday, sending the policy-sensitive 2-year yield down by the most in more than a week, after Federal Reserve officials stuck with their expectations for ...MarketWatch - Mar. 19 -
CA Insurance Commissioner to require more FAIR Plan transparency following CBS News California Investigation
Should it be legal that the public is on the hook for the FAIR Plan's debt, but we don't have access to the FAIR Plan financials? California's Insurance Commissioner says, "No." Now he's committing ...CBS News - Mar. 19 -
2-year yield ends at one-week low on Fed’s ‘transitory’ inflation view
U.S. government debt rallied Thursday, pushing yields lower across the board, on the Federal Reserve’s base-case view about the likely transitory nature of tariff-driven inflation.MarketWatch - Mar. 20 -
Four hurdles facing Republicans as they shift focus to a bill to pass Trump's agenda
Medicaid cuts, a potential $4.6 trillion asterisk, a House-Senate divide, and a major debt ceiling question loom over Speaker Johnson's push to pass the massive bill by Easter.NBC News - 4d -
U.S. Could Run Out of Cash by July, Analysis Finds
The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.The New York Times - 4d -
What to expect from Rachel Reeves’s (brief) spring statement
Talk of tough choices ahead, an increase in debt financing, and more initiatives to promote growth. The spring statement offers an opportunity for Rachel Reeves to talk about progress since last ...The Guardian - 3d -
Biased laws and poverty driving huge rise in female prisoners – report
First such study finds laws on abortion, debt and dress help increase rate of women being jailed twice as fast as for men. Poverty, abuse and discriminatory laws are driving a huge rise in the ...The Guardian - Mar. 12