Europe Moving Towards Digital Euro Raising Prophetic Concerns
The European Central Bank (ECB) says it moves towards issuing a digital version of the euro currency that critics fear could replace banknotes.
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Federal Debt Tops $27 Trillion for First Time
The debt of the federal government topped $27 trillion for the first time on Thursday, October 1, when it climbed from an opening balance of $26,945,391,194,615.15 to a closing balance of $27,026,921,935,432.41, according to data published by the U.S. …
First U.S. Presidential Debate as Nation Faces Turmoil
The first debate between President Donald J. Trump and former Vice President Joseph R. Biden Jr. was underway Tuesday as the nation struggles to overcome a pandemic and social and political unrest.
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Federal debt held by the public to exceed GDP by next year: CBO
The coronavirus pandemic and federal efforts to provide relief will significantly add to the federal debt in the years ahead, the Congressional Budget Office projected Monday.
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Global debt has sky rocketed
In a reflection of the COVID-19 crisis and ensuing governmental measures, Global debt/GDP skyrocketed to an all-time high in the first quarter of 2020, Zero Hedge reports. Overall debt for the non-financial sector has jumped from 241% of global GDP at …
CBO: Deficit will hit $3.3 trillion this year, debt will exceed size of economy by 2021
The deficit is projected to hit a record $3.3 trillion this year, and the national debt will exceed the size of the U.S. economy by 2021, according to a Congressional Budget Office report published Wednesday.
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