New projections from the IMF suggest that under President Donald Trump’s second term, the country’s public debt could surpass that of Italy and Greece by the end of the decade.
“I don’t want divulge in to how they are diverting, but I think the RBI has taken very considered decision and they have also done by purchasing gold,” FM Sitharaman added.
A politically feasible way to reduce spending on government wages is by work sharing based on six -month contracts. Rather than shut down or downsize some departments, what needs to be seriously considered is to reduce everybody’s work by half and wage income too
Trump's bill proposes a $4.5 trillion extension of his first term tax cuts, contentiously offset with $1.2 trillion in savings mainly targeting the Medicaid health insurance program, as well as federal food aid.
Ray Dalio said many major economies such as UK, the EU, China and Japan are on unsustainable paths, advising investors to diversify across asset classes, reduce exposure to debt, hold gold and 'a bit of Bitcoin' to hedge against any debt crises.
JPMorgan CEO says US risks financial turmoil unless urgent fiscal reforms are made.
A Republican-backed tax and military spending bill could accelerate America’s debt crisis, pushing it past wartime levels even without a recession or war.
The UK has overtaken China as the second-largest holder of US Treasury securities in March 2025, raising questions about China’s long-term strategy. Is this a sign of decoupling from the US?
Investors need to be wary of heavily tariffed countries (relative to India) as they increase the risk of dumping
Dalio warned that economic battles such as those between the US, Canada, Mexico, and China could have serious worldwide ramifications.
While lower treasury yields are positive for USD/INR & Indian equities, there is a risk that if trade/investment related uncertainty extends equity markets can be negatively impacted
Rajan said his warning is apt for the US, whose debt trajectory will keep increasing steadily, according to IMF forecasts released last month.
According to JPMorgan, boosting tariffs on China imports to 60% alone would hurt S&P 500 profits by as much as $15 a share, an amount that could wipe off almost half of 2025’s income gains.
The dismissive reaction to a US downgrade was revealing. Fiscal trends and broken politics shouldn’t be discounted
US may soon find itself in a world of persistent 3 percent inflation, above the typical 2 percent target rate stated Ackman
US presidents have generally reserved an address from the Oval Office for the most significant, and dramatic of events: the attacks of September 11, 2001, for example, or the Challenger space shuttle explosion
Any stock market rally on passage of the deal would likely be short-lived, with the S&P 500 (.SPX) already near its highest levels since August 2022, said Alan B. Lancz & Associates Inc., an investment advisory firm.
Futures for the benchmark S and P 500 fell 0.4 per cent and the Dow Jones industrials lost 0.3 per cent ahead of a vote by the full 435-member House on raising the government debt limit. S
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% early Tuesday, after U.S. stocks were closed on Monday for the Memorial Day holiday. The index is down 1.3% so far this month.
Top Republicans and Democrats scrambled Monday to secure congressional support for the measure, with President Joe Biden feeling "very good" about its prospects despite having just days left before the government starts running out of money.
MSCI's broadest index of Asia-Pacific shares outside Japan drifted 0.3% higher in trade thinned by a holiday in Hong Kong. The index is down 1.6% on the week.
The deal would specify the total amount the government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories.
Spot gold was up 0.3% to $1,981.46 per ounce by 1215 GMT, while U.S. gold futures gained 0.5% to $1,984.30.
House Republican Speaker Kevin McCarthy said Monday morning's debt talks were "on the right path" ahead of a meeting with U.S. President Joe Biden. June 1 remains a "hard deadline" after which Treasury expects the federal government will struggle to pay its debts, a stance the agency reiterated on Monday.
The dollar edged lower against most major peers in early Asia trading as traders evaluated the latest developments. House Speaker Kevin McCarthy said he and President Joe Biden will meet Monday afternoon, and negotiators will resume debt talks later Sunday.