House passes government funding and debt limit increase destined to hit Senate filibuster
The House passed a stopgap government funding bill paired with an increase in the federal borrowing limit that will likely face a GOP filibuster in the Senate.
Sudan Coup Fails; Dozens Detained
Authorities in Sudan, where minority Christians face persecution, say dozens of military officers have been detained for an alleged coup.
Latin, Caribbean Nations Want New Bloc Outside US
The U.S. global influence was further challenged over the weekend, with several Latin American and Caribbean nations aspiring to form their bloc like the European Union.
Combined Social Security Trust Fund only 13 years away from insolvency, trustees report
The national debt is around $123 trillion (more than four times what the Treasury Department reports) when accounting for factors like amounts owed in unfunded Social Security and Medicare benefits, Truth in Accounting argues.
US Debt Limit Struggle Raises Specter of Catastrophic Default
Unless Congress votes to increase the amount of money the U.S. Treasury is allowed to borrow above its current debt of $28.5 trillion, the United States will default on its financial obligations sometime in the next several weeks, experts warn.
Global debt has reached almost $300 trillion
The Institute of International Finance (IIF) has announced that global debt reached a new record high of $296 trillion in the second quarter of 2021, with total debt rising by $36 trillion in the 18 months since the pandemic began, Zero Hedge reports. …
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