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updated Mon. April 2, 2018

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In its assessment, the Commission noted the progressive reduction of public and private debts, although "at uneven pace". "Reductions in debt-to-GDP ratios, including government debt ratios, are increasingly benefiting from higher nominal growth, while borrowing by households and non-financial ...
China is fully confident of its ability to fend off systemic debt risks, while it continues to strengthen control over local government debt, its finance minister Xiao Jie said on Wednesday. China will reasonably set quotas on local government debt issuance and keep cracking down on "chaotic" debt financing, ...

China's Finance Minister Xiao Jie waves as he arrives for a press conference on the sidelines of the National People's Congress at the media center in Beijing, Wednesday, March 7, 2018. Xiao tried Wednesday to defuse concern over the country's rising debt, saying government borrowing is below danger ...
Washington is set to return to annual budget deficits of $1 trillion or more. The only other time this happened was from 2009 to 2012, as a bad recession hit, tax revenue plunged and Congress passed aggressive stimulus programs to mitigate the damage. Annual deficits fell after that, hitting $438 billion in ...
"We anticipate that the general government debt burden will continue to rise from already high levels through 2021, but that deposit inflows will remain sufficient to support Lebanon's large twin-deficits," the rating agency said in a report on Saturday. "Lebanon's general government debt, which we estimate ...
The United States is entering into another period of sustained government debt financing and the question is, who is going to finance it. Indications are that foreign money is perhaps not as available as it once was, even just a year or so ago. Furthermore, questions are surfacing about how much additional ...
The Minister of Roads and Highways, Mr Kwasi Amoako-Atta, has stated that the previous government left behind a total commitment of GH¢17.8 billion in the ... Mr Kpodo noted that a lot of the debts were not captured, adding that if all the figures were captured, the total debt could be about GH¢170 billion.
Beijing -- China's top leader has a message for his country's biggest deal makers that could reverberate across the world: Get your debt under control -- or else. In a forceful statement about the country's changing priorities, the government on Friday seized control of Anbang insurance Group, the heavily ...
London--governments around the world will borrow roughly $7.4 trillion (791 trillion yen) this year, credit rating firm S&P Global estimated on Thursday, pushing their overall debt total to a record level for the third year in a row. The annual forecast by S&P projected that the United States will make up one ...
Low interest rates had sustained high levels of government debt up until now, but it "may not be a permeant feature of financial markets", they said. They warned government budgets would be faced with "significant challenges" as developing countries face a rising tide of crippling debt. The total stock of the ...
Commentary: The United States set a new record last month, which is the largest trade deficit excluding oil on record. And the trade deficit is likely to get larger. This is due to a phenomenon known as the twin deficit, so named because trade deficits tend to mimic government budget deficits. Of course, any ...
The federal government reports assets of $3.5 trillion and liabilities of $23.9 trillion yielding a negative net position of $20.4 trillion. Although this last amount is similar in size to the national debt, net worth is conceptually different. Federal audited financial statements use accrual accounting, which means ...
The tiny island nation of the Seychelles is announcing a pioneering marine conservation plan as part of a debt swap deal with creditors, designating nearly a ... The government on Wednesday signed a bill restricting nearly all human activity in the waters around Aldabra and overall setting aside more than ...

For enquiries to customer help desks: click for telephone numbers. NOTE: The inclusion of items in this diary does not necessarily mean that Reuters will file a story based on the event. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The ...
Why does China own so much U.S. government debt? Partly because of the trade gap between the world's two largest economies. China exports goods to the United States. The United States, in a way, exports dollars to China. "They have to buy something with those dollars," said Guy LeBas, chief fixed ...
If one segregates the buyers of U.S. debt into its four main categories foreign buying is most important. Presently, it is believed that foreigners own 31.2 percent of outstanding U.S. debt. American households and businesses own 29.1 percent; Social Security and other government pension funds own 27.5 ...
A spokesperson for Cox said he was talking about debt incurred by state and local governments, not personal debt like credit cards or auto loans. New York state ranked highest in government debt for residents in 2015, the latest data available. The debt per person was $17,528 in New York state, ...
That's the thesis of a new report from Moody's investors Service, entitled "Preeminent Financial, Economic Position Offsets Weakening government Finances." "The U.S. stands out in the global context [for] an unusually high ability to carry a large government debt burden," the study states. It outlines an ...
China's holdings of U.S. government debt swelled to $1.18 trillion by the end of 2017, up $127 billion from a year earlier, according to Treasury ... China's growing U.S. debt portfolio last year marked a sharp reversal from 2016, when it spent most of the year selling Treasuries as part of attempts to prop up ...
When an economy is running at close to full tilt, so that firms are borrowing and investing as much as banks are willing to lend, a government can only borrow by outbidding private firms for financing. Government "crowds out" private activity in such cases, hurting growth. What is more, as debt accumulates, ...
The researchers looked at what would happen if the government canceled all federal loans (the majority of student debt) and paid off all privately owned loans --- as a one-time policy. Their economic models show that canceling student debt would lead to a boost in GDP by an average of $86 billion to ...
That small Mediterranean country began to suffer its infamous, devastating debt crisis late last decade when its government debt began rising rapidly above 100 percent of its Gross Domestic Product. With the binge of tax cutting and outlandishly high spending that President Trump and a ...
Some convey to me that they view their student debt situation as hopeless, and that their only expectation of being debt-free is through a government bailout. Others relate that the chance of a government bailout discourages them from paying off their student loans. Several people have also asked me how I ...
The new data, contained in departmental responses to a Senate inquiry, again confirms problems with the government's automated debt recovery system, known as robo-debt. The automated system came under significant scrutiny last summer. For many years, the recovery of welfare debts has relied on a ...
Every so often, the Treasury Department decides it needs to issue new debt. Maybe Congress just passed a new spending or tax cut bill without any offsets, or maybe old debt just needs to be rolled over into new debt. The U.S. government offers Treasuries for purchase, which come as bills, notes, or bonds ...
O'Sullivan expects that ratings agencies could downgrade the U.S. government's credit rating. He cites the $1.5 trillion higher debt after Trump signed tax cuts into law last year and the bipartisan deal reached last week to fund the government through 2019, which puts the U.S. on track to hit trillion-dollar ...
This is not only because the deficit and debt seem remote in a way that personal credit card bills are not, but also because many people are unaware that the sources of the deficit are some of the federal government's most popular programs: Social Security, Medicare and Medicaid, and military spending.
Congress passed a massive two-year budget deal on Friday, ending a short government shutdown. ... According to the Committee for a Responsible Federal Budget, a group that advocates fiscal responsibility and reducing the national debt, the plan will add roughly $320 billion to the deficit over 10 years. But the CRFB ...
This is not only because the deficit and debt seem remote in a way that personal credit card bills are not, but also because many people are unaware that the sources of the deficit are some of the federal government's most popular programs: Social Security, Medicare and Medicaid, and military spending.
Senate Minority Leader Chuck Schumer (D-N.Y.), left, and Senate Majority Leader Mitch Mcconnell (R-Ky.) walk to the chamber after collaborating on a two-year budget deal that would provide Pentagon and domestic programs with huge spending increases. (J. Scott Applewhite / Associated Press).
Sen. Rand Paul is holding up a vote on the government funding bill using Senate rules. Paul says the funding legislation advancing through the Senate adds too much to the federal debt. If no bill is passed by midnight, the government will shut down. Paul can technically prevent a vote until after midnight.
Net interest on the national debt, which must be paid to keep the federal government from defaulting, was estimated to be $316 billion. The spending that must be appropriated through the budget process for all the other federal programs, what is called discretionary spending, was estimated at $1.219 ...
The shortfall adds urgency to President Xi Jinping's quest to stem rampant growth in corporate debt, given the government will need to fund widening deficits of its own in coming years. Leaders may offer an update to the pension outlook on March 5 when they convene for the annual National People's ...
The belief in Washington and on Wall Street has long been that the U.S. government could just keep issuing debt because people around the world are eager to buy up this safe-haven asset. But there may be a limit to how much the market wants. "Some of my Wall Street clients are starting to talk recession ...
The upcoming battle over the debt ceiling could have a big impact on the market, CNBC's Jim Cramer said on Tuesday. "We really hate any debt ceiling issue which makes it so that the government would even seem for a second that it would default," the "Mad money" host said in an interview with MSNBC's ...
U.S. government debt prices jumped Monday as investors fled to safe-haven bonds amid a worsening equity sell-off. The yield on the 10-year yield briefly touched 2.885 percent overnight Monday, its highest level since Jan. 16, 2014 when the 10-year yielded as high as 2.893 percent. It first hit a four-year ...
The federal spending bill, which Congress passed to end the three-day government shutdown two weeks ago, runs out again this Thursday, and Congress ... At some point, lawmakers will also have to address the debt ceiling, which the Treasury Department says it will hit by early March -- earlier than ...
Don't look now, but the U.S. government needs to borrow more money at exactly the wrong moment -- when interest rates are spiking. ... "Although the overriding consideration of the Treasury during the recession and recovery was simply funding the trillions in new debt, the low and declining average and ...
And the interest on the government's ballooning debt kept growing, which is why a legislated debt ceiling of $75bn was introduced in 2008. Undeterred, Labor's addiction to profligate spending continued and that figure was lifted to $250bn in 2011 and raised again to $300bn in 2012. The election of a ...
But among the seeming relative handful of Americans who worry that our nation is on track for a spectacular debt meltdown, the president's remark amounted to a reminder of our national leaders' indifference to the mass societal pain that awaits unless the federal government stops chronically spending ...
FM Jaitley presented the current government's last full Budget against the backdrop of unprecedented optimism and renewed macro-economic vigour ... adherence to fiscal discipline will play a key role as the government targets to reduce fiscal deficit to 3.3% and central government debt-to-GDP ratio to ...
He said weak public finances "constrain India's sovereign ratings, given a high general government debt burden of around 68% of GDP and a wide fiscal balance of 6.5% of GDP if states are included. The Budget has pegged fiscal deficit at 3.5% of GDP in current year ending March, higher than 3.2% ...
The Reserve Bank of India is not in talks with the government to conduct open market purchases of government bonds, a source familiar with the central bank's thinking said, denying a media report that the central bank might consider such steps to boost the debt market. Financial news provider Newsrise ...
Pincus: They were writing the Declaration in the context of a British imperial debt crisis that had been going on since the 1760s. At the end of the great Seven Years' war, what we call the French and Indian War, the British government was in debt. Just like in the 21st century, there was a vibrant debate ...
City Hall's credit card carries a balance of $1.5 billion in tax-supported debt, about triple what it was at the turn of the century. It comes to $3,100 in ... There are only a few potential fixes: higher contributions from employees or city government; reductions in benefits, or all of the above. Another option is ...
China plans to further transfer 1.73 trillion yuan ($270.8 billion) of existing less-transparent local government debt into bonds by August to strengthen debt management and control potential risks, the Ministry of finance said on Thursday after reporting financial revenue in 2017 that was higher than ...


 

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