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  1. 21 Δεκ 2023 · Global debt is borrowing by governments, businesses and people, and it’s at dangerously high levels. In 2021, global debt reached a record $303 trillion, a further jump from what was record global debt in 2020 of $226 trillion, as reported by the International Monetary Fund (IMF) in its Global Debt Database. This was the biggest one-year debt ...

  2. 9 Αυγ 2023 · The US government's long-term credit rating was downgraded by a leading rating agency in August 2023. Sovereign credit ratings are independent assessments of a government's creditworthiness. Ratings can attract or dissuade investors and influence the cost of borrowing. In early August, Fitch Ratings, a leading credit rating firm, downgraded the ...

  3. 11 Νοε 2020 · United States. The American debt has ballooned to $27 trillion, with mandatory spending, including health programs, reaching $2.7 trillion in 2019. 50% of the country's total revenue is from individual income taxes. Higher interest costs in the future could mean less spending is spent on healthcare and education.

  4. 4 Σεπ 2018 · The debt that has been accounted for is the $15.6 trillion held by the public in the form of US Treasury bonds. The debts that have not been accounted for include the deferred costs of maintenance on roads, water systems, and 54,560 structurally deficient bridges , as well as the yet-to-be-built low-carbon energy systems necessary to mitigate ...

  5. 4 Οκτ 2017 · Belgium, at $58,134, is above the OECD average of $50,245. Austria, France and Greece all have higher per capita debts than the UK, and their citizens would have to find almost $50,000 each ($49,975, $49,652 and $47,869 respectively). Per capita debt among OECD countries has increased at an average annual rate of 5.9% since 2007.

  6. 30 Μαΐ 2023 · United States. America's debt ceiling has seen a consistent upward trend over the years and has been raised 78 times since 1960. As of 2021, the debt ceiling stood at a staggering $28.4 trillion, making it crucial to regularly raise the limit to accommodate the growing national debt. Failure to raise the debt ceiling can lead to a government ...

  7. 19 Μαΐ 2023 · 1. Optimism over US debt ceiling deal. US President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope to finalize a deal on the debt ceiling after Biden returns from the Group of Seven meeting in Japan on 21 May. McCarthy said a bill to raise the US debt ceiling could be put to a vote as early ...

  8. 12 Μαΐ 2023 · Political deadlock over raising the United States' $31.4 trillion debt ceiling is threatening to push the country into an unprecedented default by as soon as 1 June, if Congress does not act. President Joe Biden says that failing to raise the debt limit would throw the US economy into a recession and eradicate thousands of jobs.

  9. 30 Αυγ 2022 · U.S. President Joe Biden is set to cancel $10,000 of student debt for millions of Americans and as much as $20,000 for low and middle income groups who have received a Pell grant in the past, according to media reports. The loans will be given to those who earn under $125,000 per year, or whose families earn under $250,000 per year.

  10. 25 Μαΐ 2023 · Economic recession. A US debt default—even a short debt ceiling breach—is expected to push the US economy into a recession. An analysis by Moody’s found that a prolonged default would cause real GDP to decline throughout the end of 2023, falling an estimated 4.6%. Prospects for long-term growth would diminish, too.

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