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.
House Minority Leader Nancy Pelosi (D-CA) said Thursday that Democrats would raise taxes if they win the 2018 midterm elections.
The Federal Reserve said consumer credit in March great at a seasonally adjusted annualized rate of 3.6 percent, or $11.6 billion. Economists had expected $15.2 billion.
Director of National Intelligence Dan Coats warned the Senate Intelligence Committee on Tuesday about the risk posed by the national debt.
Democrats are “winning the narrative” and “winning their priorities” in Capitol Hill spending deals despite congressional GOP majorities and a Republican president, said Tom Van Flein, current chief of staff for Rep. Paul Gosar (R-AZ), on Friday’s edition of SiriusXM’s Breitbart News Tonight with host Rebecca Mansour.
Joe Ciolli writes at Business Insider that a new report claims worldwide debt climbed to a new record in 2017.
Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.
According to research from the Center for Economics and Business Research in London, China will overtake the United States as the world’s largest economy by 2032.
How can the Tea Party movement, which campaigned on balancing the budget and paying down the debt, tolerate a massive tax cut that is only going to be followed by demands for more federal spending?
Economists around the world worry about the accumulation of excessive personal debt. China’s approach to the problem is as ham-fisted as everything else the authoritarian nation does: they set up a website to name, shame, and punish “dishonest people” with debt repayment judgments against them.
Almost half of Germans what to see the Deutsche Mark restored, with just 41 per cent saying they want to keep the euro.
TEHRAN, Iran (AP) — Iran and Britain are discussing the possible release of some 400 million pounds held by London since the 1979 Islamic Revolution, an Iranian official acknowledged Thursday.
The socialist country of Venezuela is likely to default on its debt in the coming days as two critical debt repayments rapidly approach their deadlines.
Standard & Poors lowered its view of China’s creditworthiness, less than a month ahead of the country’s most important and sensitive political gatherings.
The Senate approved a last-minute request by Sen. Luther Strange (R-AL) on Tuesday to spend $600 million to build a new U.S. Navy ship in Mobile, Alabama, hoping to help the embattled incumbent in the runoff Sep. 26.
President Donald Trump celebrated a deal with Democratic congressional leaders to punt the debt ceiling and government funding to December in an effort to speed up tax reform.
Treasury Secretary Steven Mnuchin argued on Fox News Sunday for a “clean” hike in the debt limit. Mnuchin also pushed a strategy of attaching the debt limit as an amendment to a bill to provide $7.9 billion in temporary relief to victims of Hurricane Harvey.
Puerto Rico is set to file the largest public sector bankruptcy in history after vulture capitalist hedge funds that bought big pieces of the island’s $73 billion in defaulted debt for pennies-on the-dollar refused to take $24 billion haircut.
When I originally conceived the idea for “How Trump Won,” I prepared a conclusion in the event he lost. The following is an excerpt of that original conclusion — a view of a fate narrowly avoided.
The debt at the end of 2016 was $19,976,826,951,047.80, a one-year increase of $1,054,647,941,626.91.
As the #CalExit movement continues to draw favorable press — mostly in liberal publications bitter over Trump’s victory — its downfall just might be found in the fiscal realities facing CalPERS, the agency responsible for managing pensions and benefits for over 2 million California state employees.
From October 20 to November 28 the RNC raised $36.6 million, $6 million more than the same period in 2012 when Mitt Romney was the Republican presidential nominee.
Speaker of the House Paul Ryan has promised conservatives for years that he would be able to deliver on his promises to fix the entitlement system, reform the tax code, pay off the national debt and repeal Obamacare once a Republican was president.
Los Angeles Mayor Eric Garcetti is defending Los Angeles International Airport, or LAX, from criticisms by Republican presidential nominee Donald Trump during Monday night’s first presidential debate.
Glenn Beck filed a lawsuit in a Texas court against former TheBlaze CEO and Mercury Radio Arts COO Christopher Balfe over allegations of contract breach, fraud, unjust enrichment and other matters Monday.
The Freedom Partners Institute, a right-leaning nonprofit organization, argues the CBO’s projections “fail to take the complete economic forecast into account” by not including intra-governmental debt, that is, money owed to trust funds like Social Security and Medicare.
Voters in California will face a tidal wave of ballot measures in the November general election, on issues from the death penalty and condoms to marijuana and plastic bags.
The latest report from the Stanford Institute for Economic Policy Research has revealed that the public pension debt for the 50 states and the District of Columbia jumped 84 percent in recent years, from $2.625 trillion in 2008 to $4.833 trillion in 2014.
A new report on the state of the public school systems in Obama’s home state of Illinois finds they are $20 billion in debt with no end in sight to the growing budget failure. According to a new review by
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a bill in the U.S. House of Representatives that would, very broadly speaking, allow Puerto Rico to cancel nearly half of its $72 billion debt, in exchange for surrendering much control over its fiscal affairs to an independent financial control board.
Large denomination physical cash is going to be outlawed if central bankers have their way.
The financial situation in Puerto Rico is at the crisis point, leading to proposals for a massive bailout that would ostensibly stabilize the island’s economy and protect small investors… but would, in fact, be a tremendous giveaway to Wall Street interests.
“It will be very difficult for me to vote for any funding bill that risks American lives by improving the chances of successful terrorist attacks on American cities,” Mo Brooks said in an interview with Breitbart News Tuesday. “And so if that’s the funding bill Barack Obama and the House and Senate leadership want me to support they’re going to need to look elsewhere for votes.”
Senator Rand Paul (R-KY) argued that “Congress has become a shell of itself” and gets along too much, in addition to wondering whether debt is more disruptive than uncertainty over the debt ceiling in a speech on the Senate floor
GOP presidential candidate Dr. Ben Carson vows he won’t raise the debt ceiling if elected President of the United States, and says he’ll address the budget “immediately.”
Lamar Odom may not have settled all of his outstanding debt to the brothel where he was found unconscious earlier this month — and if he does not pay, the owner has pledged to go after his wife, Khloe Kardashian.
On Wednesday afternoon, 2016 Presidential candidate and pediatric surgeon Dr. Ben Carson addressed thousands of people at a rally in Anaheim, California. Much of Carson’s question and answer session touched significantly on his medical experience. His speech centered around his
South Carolina Senator and Republican presidential candidate Lindsey Graham said, “if you’re looking for a Republican, Joe, to do revenue, count me in” in a discussion of his tax policy, elaborating that he would “close many tax loopholes” and “increase
