#public-debt

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US economy added only 12,000 jobs in October in shock pre-election drop business live

UK's increased borrowing poses additional challenges to public finances, according to Moody's.
#fiscal-policy

UK government borrowing surges to 16.6bn in September, exceeding forecasts

Government borrowing in the UK surged to £16.6 billion in September, heightening fiscal pressures ahead of Chancellor Rachel Reeves' first Budget.

The world's $100 trillion fiscal timebomb keeps ticking

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

How Trump or Harris would drive the deficit higher

Public debt in the U.S. is projected to reach 125% of GDP by 2035, influenced by candidates' fiscal policies.
Both presidential candidates' plans risk increasing the federal deficit significantly, stressing the need for fiscal reform.

Joe Biden and Kamala Harris have left America (and their successor) a fiscal nightmare

Biden's spending policies have significantly increased public debt, leading to greater financial strain on American families and the economy.

UK debt hits high ahead of 'painful' budget DW 09/20/2024

UK state debt has reached 100% of GDP for the first time since the 1960s, prompting urgent government action.

Labour told growth plan will fail without 50bn investment

The Labour government must increase annual investment by £50 billion to reach its economic growth target.

UK government borrowing surges to 16.6bn in September, exceeding forecasts

Government borrowing in the UK surged to £16.6 billion in September, heightening fiscal pressures ahead of Chancellor Rachel Reeves' first Budget.

The world's $100 trillion fiscal timebomb keeps ticking

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

How Trump or Harris would drive the deficit higher

Public debt in the U.S. is projected to reach 125% of GDP by 2035, influenced by candidates' fiscal policies.
Both presidential candidates' plans risk increasing the federal deficit significantly, stressing the need for fiscal reform.

Joe Biden and Kamala Harris have left America (and their successor) a fiscal nightmare

Biden's spending policies have significantly increased public debt, leading to greater financial strain on American families and the economy.

UK debt hits high ahead of 'painful' budget DW 09/20/2024

UK state debt has reached 100% of GDP for the first time since the 1960s, prompting urgent government action.

Labour told growth plan will fail without 50bn investment

The Labour government must increase annual investment by £50 billion to reach its economic growth target.
morefiscal-policy
#economics

The Best Books About the Economy to Read Before the 2024 Election

Understanding economic policies is crucial for voters concerned about housing, groceries, and taxes.

Can France cut spending without stoking recession? DW 10/04/2024

Michel Barnier faces significant challenges managing France's 2025 budget amid rising public debt and a divided parliament.

The Best Books About the Economy to Read Before the 2024 Election

Understanding economic policies is crucial for voters concerned about housing, groceries, and taxes.

Can France cut spending without stoking recession? DW 10/04/2024

Michel Barnier faces significant challenges managing France's 2025 budget amid rising public debt and a divided parliament.
moreeconomics
#government-spending
from Business Insider
3 weeks ago

Global government borrowing is set to top $100 trillion - and shows no signs of slowing down

Global public debt is projected to exceed $100 trillion, raising risks of a financial crisis.
Key factors include political uncertainty, spending pressures, and resistance to tax increases.
from www.theguardian.com
1 month ago

Spending cuts needed to tackle France's colossal debt, Michel Barnier tells MPs

France's colossal public debt necessitates spending cuts and tax increases, according to Prime Minister Barnier in his address to parliament.

Global government borrowing is set to top $100 trillion - and shows no signs of slowing down

Global public debt is projected to exceed $100 trillion, raising risks of a financial crisis.
Key factors include political uncertainty, spending pressures, and resistance to tax increases.

Spending cuts needed to tackle France's colossal debt, Michel Barnier tells MPs

France's colossal public debt necessitates spending cuts and tax increases, according to Prime Minister Barnier in his address to parliament.
moregovernment-spending

Labour MP pushes for watchdog to assess PFI costs under budgets bill

Stella Creasy seeks to scrutinize PFI liabilities and trade deals under a new budget responsibility bill to address public debt effectively.

Government borrowing surges to 3.1bn as Reeves faces growing pressure to raise taxes

UK public sector borrowing rose unexpectedly in July, complicating budget preparations for newly appointed Chancellor Rachel Reeves.

Jamie Dimon wants to hit millionaires with 'Buffett Rule' to tackle national debt

America's public debt is unsustainable without economic growth and tax reforms aimed at middle-income families.

Portugal is no longer a problem for Europe

Portugal emerges as a diligent student in Southern Europe, with decreasing public debt, high budget surplus, record-breaking tourism, low unemployment, and shrinking inflation.

Behind the IMF's warning to Biden and Congress on deficit spending

The IMF alarm about US fiscal slippages and growing public debt, impact on global economy. Costly servicing US debt increases with deficit spending.

Jamie Dimon says whoever is elected president can't sit in denial and must realize 'we have a problem' with national debt

The next U.S. administration faces the challenge of balancing the national public debt with GDP to avoid potential economic crises.

Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations

Heavily indebted nations face market confidence risk, cautioned BIS
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