Why Beijing is cheering on the U.S. debt ceiling struggle

The U.S. Capitol Constructing is seen on January 19, 2023 in Washington, DC. Anna Moneymaker | Getty Photographs The contours of divided authorities in Washington are actually clear: The principle level of rivalry is the looming debt ceiling deadline, and the principle space of settlement is addressing systemic competitors with Communist China. Whereas they’ll appear … Read more

U.S. to hit debt restrict Thursday, Yellen warns Congress

Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will attain its statutory debt restrict subsequent Thursday. After that, the Treasury Division this month will start “taking sure extraordinary measures to forestall america from defaulting on its obligations,” Yellen wrote in a letter to new Home Speaker Kevin McCarthy, R-Calif. Treasury, “shouldn’t be … Read more

fiscal rules to be updated and the markets will be watching

The euro zone is to discuss changing its fiscal rules – a task that could have market repercussions. Bloomberg | Bloomberg | Getty Images The euro zone will soon reveal changes to its fiscal rules — a move that could have significant repercussions for government borrowing costs and the region’s bond markets. The European Commission, … Read more