Latest in Record 1.17 Trillion
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Credit card debt hits record $1.17 trillion, New York Fed research shows
Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.Business - CNBC - Yesterday -
Mr. Musk Goes to Washington — With a $2 Trillion Agenda
Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.Business - The New York Times - Yesterday -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18 -
The Quarter-Trillion-Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.World - The Wall Street Journal - October 23 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
Trump, Harris tax-break costs soar to more than $12 trillion
Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...Business - MarketWatch - October 29 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - November 3 -
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.Business - The New York Times - 6 days ago -
Tesla surpasses $1 trillion in valuation in the wake of Trump's victory
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.Top stories - NBC News - 6 days ago -
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.World - The New York Times - 2 days ago -
Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - Yesterday -
Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.
The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...Business - MarketWatch - October 18 -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - 6 days ago -
Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.Business - CNBC - 6 days ago -
Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock
Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...Business - MarketWatch - 6 days ago -
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.Business - MarketWatch - 14 hours ago -
Crypto Industry Pushes Policy Change Agenda as Global Investment Tops $3.2 Trillion
Crypto companies want the Trump administration to promote digital assets and can expect a friendlier regulatory climate. The U.S. election has pushed global crytpo totals to record highs.Business - Inc. - 10 hours ago -
A Record Number of States Are in Drought
Little rain has fallen since Hurricane Helene dropped huge amounts across the Southeast.Science - The New York Times - November 5 -
Early voting record shattered in Georgia
Georgia voters took to the polls in record numbers Tuesday, casting more than 300,000 ballots on the first day of early voting, according to officials. Gabe Sterling, the chief operating officer in ...Politics - The Hill - October 16 -
Iberdrola Profit Lifted by Record Investments
Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.Business - The Wall Street Journal - October 23 -
Living conditions to be added to NHS records
A housing provider says it will reduce the burden on the NHS and help them better serve residents' needs.Top stories - BBC News - October 26 -
Tuberculosis infections highest on record: WHO
Global tuberculosis cases reached an all-time high in 2023, with nearly 11 million people estimated to have become sick with the disease last year. According to the World Health Organization's ...Politics - The Hill - October 30 -
Georgia shatters early voting records
In Georgia, a key battleground state in the Trump-Harris race, more than 50% of voters participated during the 2024 early voting period. CBS News' Jared Eggleston has more on the record turnout ...Top stories - CBS News - November 1 -
Trump and Harris make final push to break US election deadlock
Presidential candidates descend on Pennsylvania as polls in most crucial swing state show a dead heatBusiness - Financial Times - November 5 -
How violence became a theme of America’s election
Voters are on edge after a campaign season characterised by ‘unprecedented’ levels of extreme rhetoricBusiness - Financial Times - November 4 -
FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - 3 days ago -
Veteran homelessness drops to record low
Veterans homelessness rates have dropped to a record low since detailed counting began in 2009, the Biden administration announced Monday for Veterans Day. In January of this year, officials ...Politics - The Hill - 3 days ago -
'Extraordinary' Modric breaks Madrid record in win
Carlo Ancelotti praised Luka Modric as an "extraordinary professional" after the midfielder celebrated becoming Real Madrid's oldest ever player by providing an assist in their 2-1 win at Celta Vigo.Sports - ESPN - October 20 -
Canucks ECHL Affiliate Sets Wacky World Record
The Vancouver Canucks ECHL affiliate, the Kalamazoo Wings, set a fun world record at their home opener.Sports - Yahoo Sports - October 21 -
FirstFT: HSBC overhaul to divide businesses along east-west lines
Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity pushWorld - Financial Times - October 22 -
UK borrowing rises ahead of Budget
Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.Top stories - BBC News - October 22 -
Sinn Féin leaders correct age of teen texted by senator
Michelle O'Neill and Mary Lou McDonald correct the record about the age of a teenage texted by Niall Ó Donnghaile.Top stories - BBC News - October 22 -
Messi Mania helps drive record growth for MLS
Major League Soccer is hitting record attendance marks and mounting sponsorship revenueSports - ABC News - October 22 -
Trump recording podcast with Joe Rogan this week
Former President Trump is planning to sit for an interview with podcaster Joe Rogan this week. The former president will record his conversation with Rogan at the media personalities' studio in ...Politics - The Hill - October 22
