Analysts from the China Africa Research Initiative (CARI), a Johns Hopkins University project to study China’s political and economic influence among African nations, said on Tuesday the African nation of Zambia owes $6.6 billion to China – more than double the amount claimed by former President Edgar Lungu.
President Joe Biden has continued pushing a new White House talking point that claimed his $3.5 trillion spending agenda actually cost “zero dollars.”
Sen. Chuck Schumer (D-NY) has set a Monday vote to avoid government shutdown, though not enough “yes” votes have signaled they intend to pass the measure.
Americans will blame Democrats and not Republicans for the impending debt default and possible shutdown, a Wednesday Morning Consult/Politico poll revealed.
On Saturday’s broadcast of “Fox News Live,” Sen. Bill Hagerty (R-TN) argued “we need to begin to bend the curve back” on spending and that he believes conservatives in Congress will take “a very strong stand” on raising the debt
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that while he agrees with the direction of President Joe Biden’s budget plan there is a real threat of inflation and too much debt, and that inflation would impact
During an interview with CNN on Thursday, Sen. Joe Manchin (D-WV) said that he’s concerned about President Joe Biden’s push for bigger government, specifically its large price tag and concerns that it could stifle economic growth in the future. CNN
Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since 1946, official figures showed Friday.
Two groups of liberal-progressive Tories are pressuring Boris Johnson to “follow President Biden’s lead” and give all young people £500 in coronavirus recovery funds, which would cost the taxpayer an estimated £2.8 billion.
The CBO said that by the end of 2021, federal debt held by the public is projected to equal 102% of GDP. By 2051, it will be 202% of GDP.
A Michigan church is celebrating being debt-free after paying off its more than $2 million mortgage in a short amount of time.
An oncologist has lifted the crushing weight of medical debt off the shoulders of almost 200 cancer patients in Pine Bluff, Arkansas.
Sen. Rand Paul (R-KY) blasted the $2.3 trillion government spending bill — $900 billion of which is dedicated to coronavirus relief — criticizing Republicans for voting to print money with impunity. He warned Congress is essentially perpetuating lockdowns by handing money to states with leaders implementing rules that are “arbitrary and unscientific.”
The Financial Times (FT) reported on Friday that China’s currency, the renminbi, had its biggest rally in 15 years, driven by increased foreign demand and “rising expectations that a Joe Biden victory in next month’s U.S. presidential election could help reset relations between the two superpowers.”
The U.S. government’s debt owed to the public will exceed GDP for the first time since World War II.
LONDON (AP) — Britain’s government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the coronavirus pandemic.
The UK economy is heading for the ‘recession to end all recessions’ with GDP predicted to plunge by nearly one third this quarter.
Tanzanian President John Magufuli on Wednesday called for international lenders, particularly the World Bank, to forgive existing African loans instead of offering new loans to help rebuild the continent’s economies after the Wuhan virus pandemic.
Families in the Cincinnati, Ohio, area are breathing a huge sigh of relief thanks to a church’s recent partnership with a nonprofit based in New York.
An eight-year-old boy went the extra mile to help out his classmates by selling key chains to raise money to erase their school lunch debt.
Lebanese security forces detained at least a hundred demonstrators on Thursday as Lebanon’s long-running but mostly peaceful anti-government protests turned violent for the second night in a row. Dozens of people were reportedly injured in clashes with the police.
A kindergartner in San Diego County, California, is being recognized for her act of kindness toward her fellow students.
A church in Virginia recently helped pay off $18,000 worth of its neighbor’s school lunch debt in Stafford and Spotsylvania Counties.
A church and a non-profit group have teamed up to pay off a large amount of their community’s medical debts.
A Florida man paid off the school lunch debt for more than 400 children at nine different schools after learning that students were not being served a full meal in their school cafeterias.
Sen. Bernie Sanders (I-VT) revealed another piece of his plan to overhaul the health care system in America on Saturday, teasing his proposal to cancel $81 billion in past medical debt.
Grand Rapids First of Wyoming, Michigan, announced on Sunday that it will pay off the medical debt of 1,899 families.
Rep. Alexandria Ocasio-Cortez (D-NY) is on board with Sen. Bernie Sanders’ (I-VT) proposal to erase all student loan debt, because she has not paid off her student loans either, she said Monday.
BRUSSELS (AP) — European Union finance ministers say Italy’s high debt contravenes EU rules and that the country should face penalties for failing to comply.
Taking mom out to eat on Mother’s Day is a well-established tradition in the United States. Now an analysis of Bank of America data about debit card users shows that Generation X will be spending the most taking her out for a meal next weekend.
R&B singer R. Kelly has been arrested in Chicago again, this time for reportedly owing $161,000 in unpaid child support.
At the end of 2018, young Americans age 19 to 29 faced $1 trillion in debt, mostly for student loans, according to the Federal Reserve.
Stocks may well rebound in the new year. But for now, Jerome Powell has put a giant lump of coal in America’s Christmas stocking.
The Democrats’ “blue wave” left them in the red financially, leaving them $18 million in debt after they won the House of Representatives.
The latest data suggests that the Trump economic expansion is still running strong.
China’s state-run Global Times did not enjoy Secretary of State Mike Pompeo’s speech to the Indo-Pacific Business Forum on Monday. A Tuesday editorial by the communist paper responded by accusing the United States of playing “power games” in the Indo-Pacific region.
Thirty-year-old millennials’ fortunes, sex lives, and income are all pitiful compared to what their fathers enjoyed at age 30, according to Axios.
The Wall Street Journal reported on Sunday that Pakistan is facing a debt crisis due to the enormous loans it has taken out for the Orange Line, an elevated railway in Lahore that is only the first installment in China’s $62 billion plan to bring its “Belt and Road” infrastructure initiative to Pakistan.
The government of Kenya advised its citizens on Wednesday to “appreciate” the work of Chinese companies and learn from their experts after documented allegations of abuse perpetrated against Kenyan workers by Chinese employers.
The left-leaning press revealed its next angle of attack on Supreme Court nominee Judge Brett Kavanaugh Wednesday with a Washington Post deep dive into his finances. The paydirt: In 2016, he had between $60,000 and $200,000 of debt, then he paid it off in 2017.
