June 26, 2024 By Atul Bhatia, CFA U.S. government debt has been rising rapidly since the global financial crisis, but broader measures of borrowing across the economy have remained relatively stable and on par with other developed economies. U.S. fiscal policy is likely already unsustainable, with politically sensitive programs costing more than current taxes generate.…
This July may be a good time to start working toward debt relief. Getty Images As June comes to a close and July draws near, you may be considering ways to improve your finances. That’s especially true if you’re dealing with high interest debts like credit cards and personal loans. After all, the federal funds…
The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…
Analysis Relieve Debt to Protect the Environment Debt-for-nature swaps on a grand scale could slow climate change and promote economic growth in the Global South. By Elizabeth Losos, Alexander Pfaff, and Stuart Pimm Aerial view of a deforested area of the Amazonia rainforest in the surroundings of the BR-319 highway at the city of Humaita, Amazonas…
Chinese regulators gave approval to a debt-laden city in the countrys east to get funding support from banks, as they move to help more localities after making progress recently in bailouts. The banks were instructed earlier this month to provide additional help to local government financing vehicles in Weifang in Shandong province, according to people…
With the private debt marketplace described as a minefield to navigate, research house Zenith Investment Partners has shared tips to help advisers select the right fund. Private debt is among the growing asset class of alternatives as investors seek alternative sources of income. Types of products can include corporate lending-bilateral, corporate lending-syndicated, PE sponsor-backed lending…
In short: Experts say some parents do cash-in-hand work, salary sacrifice, set up business structures, and lodge late tax returns to avoid child support payments. Services Australia, which administers the scheme, referred 168,082 parents to the Australian Tax Office in 2022-23 for having overdue tax returns. What’s next?: The federal budget allocated $5 million for…
Global Debt Sacrifices the Worlds Poor on the Altar of Profit By Justin Villamil The developing world owes a total of $29 trillion to richer nations. Fifteen countries spend more on interest payments than they do on education, and forty-six spend more on interest than they do on health. Its time for a global debt…
WASHINGTON (AP) As he campaigns for reelection, President Joe Biden frequently touts his work on student debt, pointing to the millions of people who received cancellation under his watch. Yet relatively few Americans say theyre fans of his work on the issue, even among those who have student loans. Three in 10 U.S. adults say…
If your credit card payments are seriously delinquent, certain strategies are worth exploring now. nui/Getty Images Over the last few months, there have been numerous signs that a credit card debt crisis could be looming, including an uptick in late payments and maxed-out card accounts. And, a report from the Federal Reserve Bank of New…