Global debt soars to 356% of GDP
The world’s debt-to-GDP ratio rose to 356% in 2020, a new report from the Institute of International Finance finds, up 35 percentage points from where it stood in 2019, as countries saw their economies shrink and issued an ocean of debt to stay afloat.
$24 Trillion Leap In Global Debt Driven By COVID-19, Experts Say
The coronavirus pandemic has sent the global debt soaring to a new level, having added $24 trillion of debt in the past year, according to a study from The Institute of International Finance.
Biden may move on wide-ranging legislation with Democrat Congress
With Democrats leading both houses of Congress, the new Biden Administration may seek to pass legislation on issues ranging from pandemic relief to US Supreme Court reform, Just the News (JN) reports.
Incoming Biden administration hopes to quickly pass $1.9 trillion relief bill
The incoming Biden administration will work toward the speedy passage of its $1.9 trillion coronavirus relief plan, Voice of America reports.
Syrian and Israeli officials reportedly had a Russia-brokered meeting last month
The Asharq Al Awsat Arabic international newspaper reported Sunday that Russia hosted a meeting for Syrian and Israeli officials at the Russian airbase in Hmeimim, Syria last month, Jewish Press reports. Neither Damascus nor Jerusalem has confirmed the…
Joe Biden Undoing Trump Policies After Inauguration With Executive Orders
Joe Biden will sign a series of executive actions undoing U.S. President Donald J. Trump’s key policies within hours after taking the oath of office on Wednesday, his top aid says.
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