The Marriner S. Eccles Federal Reserve building in Washington, D.C. Stefani Reynolds | Bloomberg Creative Photos | Getty Images A sell-off in global bonds is accelerating as Moody’s downgrade of U.S. credit rating and President Donald Trump’s tax bill has brought to fore investors’ fiscal concerns globally. Events such as credit rating downgrades or budgets…
Kent Nishimura | Los Angeles Times | Getty Images Moody’s Ratings slashed the United States’ credit rating down a notch to Aa1 from the highest triple A on Friday, citing the budgetary burden the government faces amid high interest rates. “This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a…
France’s President Emmanuel Macron says he will set up a commission to study French-Haitian history and the impact of a huge debt imposed on Haiti in exchange for its independence exactly 200 years ago. Macron said the panel of French and Haitian historians would make recommendations to help build a more “peaceful future”. Haiti gained…
Michael Race Business reporter, BBC News Getty Images Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump’s tariffs. The interest rate on US bonds – traditionally considered a “safe haven” investment in times of crisis – shot up sharply on Wednesday. Sweeping taxes…
Illuminated residential buildings and houses at dusk in Mokpo, South Korea, on Friday, Aug. 16, 2024. Bloomberg | Bloomberg | Getty Images Central banks, by and large, have one overarching mandate: to ensure price stability and control inflation in a country. Policymakers in South Korea need to contend with another responsibility: managing high household debt….
Juggling 15 credit cards might sound excessive, but Air Force officers Quinn and Brittney Sturgis use them strategically to earn perks and build credit — just one of the disciplined habits that helped them save nearly $500,000 in their 20s. “We never carry a balance,” says Quinn, a 30-year-old pilot. “Whatever the balance was for…
J Studios | Digitalvision | Getty Images In Saïd Sayrafiezadeh’s fictional short story, “Minimum Payment Due,” the main character is trapped in credit card debt and desperate for a way out. The fact that the experience is common — more than a third, or 38%, of adults in the U.S. have credit card debt, according…
U.S. Speaker of the House Mike Johnson (R-LA), and U.S. Senate Majority Leader Chuck Schumer (D-NY) listen during a Hanukkah reception at the U.S. Capitol Building on December 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images WASHINGTON — President-elect Donald Trump said Thursday that he would prefer for House Republicans to refuse to…
