China’s rapid urbanization has been a topic of discussion for many years, with cities mushrooming across the country. However, China’s urbanization has brought with it a huge burden of debt…
Tag: Debt
WeWork Reaches a Debt Restructuring Deal With SoftBank
WeWork, the struggling office space company, said on Friday that it had reached a deal with SoftBank and other investors to significantly reduce its debt and secure new financing. The…
Republican Votes Helped Washington Pile Up Debt
Biden administration officials blame Mr. Trump and former President George W. Bush for running up debt, particularly with tax cuts. They claim credit for a decline in the budget deficit…
U.S. Could Default on Debt as Early as Summer, New Estimate Says
WASHINGTON — The United States faces a default sometime this summer or early fall if Congress does not raise or suspend the debt ceiling, a Washington think tank warned on…
U.S. Could Default on Its Debt Between July and September, C.B.O. Says
WASHINGTON — The Treasury Department’s ability to continue paying its bills and prevent the United States from defaulting on its debt could be exhausted sometime between July and September if…
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
WASHINGTON — The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could…
Biden and McCarthy Discuss Debt Limit as Financial Crisis Looms
WASHINGTON — President Biden told Speaker Kevin McCarthy on Wednesday that there was room for discussion about addressing America’s deficit, even as he insisted that Congress would have to pass…
Wall St. Is Counting on a Debt Limit Trick That Could Entail Trouble
“This so-called prioritization scheme makes Republicans’ priorities pretty clear — crystal clear, if I may add,” Karine Jean-Pierre, the White House press secretary, said on Jan. 17. “They want to…
How the U.S. Government Amassed $31 Trillion in Debt
WASHINGTON — America’s debt is now six times what it was at the start of the 21st century. It is the largest it has been, compared with the size of…
The Week in Business: The Debt Limit and Politics
What’s Up? (Jan. 15-21) The U.S. Hits Its Debt Ceiling The United States hit its borrowing cap of $31.4 trillion on Thursday, setting the stage for a bitter fiscal fight…