Pakistan Seeks Chinese Debt Relief to Bridge IMF Gap

Pakistan has approached China with a request to reschedule its USD 3.4 billion debt over two years, aiming to cover a foreign funding shortfall highlighted by the International Monetary Fund (IMF). The request marks Islamabad’s second appeal for aid from Beijing in just five months. The formal plea was delivered by Deputy Prime Minister…

America’s Fiscal Future | U.S. GAO

The Nation’s Unsustainable Fiscal Path The federal government faces an unsustainable fiscal future. In February 2025, we released our annual report on the nation’s fiscal health, highlighting both short-term and long-term risks.  Federal debt held by the public (that is, the total amount of money that the federal government owes to its investors) will continue to…