Japan'’s public debt hit a new record high of 1.02 quadrillion yen in the first quarter of 2014, up by 33.36 trillion from the same period last year, the Finance Ministry said, the Japan News daily reports.
The US Senate Wednesday agreed to raise the nation's debt ceiling, adopting the measure that cleared the House of Representatives a day earlier and ensuring that the country will not face another costly standoff over paying its bills. And as Adrien Cohen, Head of Trading at ETX Capital, said in an interview with the Voice of Russia, the US government hopes that market will recover naturally.
The US Senate Wednesday agreed to raise the nation's debt ceiling, adopting the measure that cleared the House of Representatives a day earlier and ensuring that the country will not face another costly standoff over paying its bills.
US Republicans capitulated Tuesday to President Barack Obama's call to extend the nation's borrowing authority with no strings attached, dialing back the threat of an election-year fiscal showdown. The House of Representatives narrowly approved a measure to suspend the US debt ceiling until March 2015. It now moves to the Senate, which will begin debating the bill Wednesday.
New Federal Reserve Chair Janet Yellen on Tuesday made it clear she would not make any abrupt changes to US monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labor market recovery was "far from complete."
The US House of Representatives plans to vote on a "clean" increase in the federal debt limit on Tuesday evening instead of Wednesday because of winter storm concerns, a House Republican aide said.
Urgent measures must be introduced in the US as the Treasury Secretary Jacob Lew says the country is running out of cash by the end of this month. Professor Paul Sheldon Foote, from Fullerton, California told in interview to the Voice of Russia thar there is no risk of default in US economy... now. Because US governmeтt knows only how to spend money and all the authorities do is promises to spend more and more money.
The US has got itself into a debt pit. The US national debt has almost reached a mind-boggling figure of 17 trillion dollars and may shortly exceed it, according to experts. The huge looming debt largely determines moves by the ruling elite in Washington.
The International Monetary Fund said Thursday that the United States should strengthen economic confidence by promptly increasing its debt ceiling, as a fresh battle looms in Congress over the issue.
The leader of the US House of Representatives, where opposition Republicans hold a majority, said Tuesday that his party could try to extract concessions from the Obama administration in exchange for extending the nation's borrowing limit.
Once again the US faces a difficult fiscal hurdle in the form of the need to raise the debt ceiling. Laurence Kotlikoff, a Professor of Economics at Boston University and President Reagan's Council of Economic Adviser, who focuses on the CBO (Congressional Budget Office) and it’s Extended Baseline Forecast, which was left out of discussions during the recent budget debate talked to the Voice of Russia.
Dr Laurence Kotlikoff, professor of economics at Boston University and a research associate at the National Bureau of Economic Research, was recently interviewed by the Financial Sense Newshour about the true state of fiscal affairs in this country.
As the US government shutdown has come to an end, there is still speculation as to whether there will be consequences though yet unseen. Kyle Bass, a founder and principal of Hayman Capital Management, a Dallas-based hedge fund, who is known for successfully predicting the subprime mortgage crisis and the European sovereign-debt crisis, in an interview to Voice of Russia, talked about long-term influence of the shutdown on the US economy.
The end of a temporary government ‘shutdown’ was a relief for American people and for the country’s economy, but as a Kommersant Daily New-York correspondent Kiril Belyaninov believes, the situation could have been resolved earlier if Obama administration negotiated with opponents.
President Barack Obama signed a condition-free increase in the debt ceiling, along with funding to end the partial government shutdown Thursday. It puts an end to the temporary 'shutdown' and more than 800,000 government employees are able to get back to work for the first time since September 30.
Hundreds of thousands of US public employees were returning to work today after a late-night deal broke a political deadlock in Congress and avoided a potentially disastrous debt default.
As the US managed to avoid a threatening default right at the last minute, putting an end to the 16-day partial shutdown and raising the debt ceiling, Martin Hennecke, an independent financial advisor and Chief Economist at the Henley Group Ltd Investment Advisory Company, told the Voice of Russia about the major US issue which hasn’t been addressed and what real options the US government has to solve the debt problem.
Congress has approved a deal to end the government shutdown and raise US debt limit Wednesday night. But did you know that Congress's budget battles have cost the economy $700 billion? A new report from Macroeconomic Advisers argues that Congress's budget battles, debt-ceiling stand-offs, and spending cuts have cost the US economy nearly 3 percent of GDP since 2010.
President Barack Obama early on Thursday signed legislation that ends a US government shutdown and raises the US debt ceiling, the White House said.
American veterans upset with the US government shutdown showed up to voice their displeasure at the World War II Memorial in DC Tuesday. Thousands of veterans may not receive their disability benefits beginning November 1st. To get a better picture of the issue Voice of Russia correspondent Crystal Park spoke to Dr. Tony Rice, one of those who may be directly affected by the shutdown. Rice is an Army veteran of Operation Iraqi Freedom who is now family physician practicing in West Virginia. He joined his fellow veterans in DC on Tuesday to send a message of compromise to Congress and the president.