Phillip Swagel, director of the Congressional Budget Office, warns that the U.S. faces a similar risk faced by the U.K. in 2022 if the government continues to ignore mounting debt concerns. According to the CBO, U.S. federal debt totaled $26.2 trillion at the end of 2023, about 97% of gross domestic product. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S.
(Bloomberg) -- A lender group to AMC Entertainment Holdings Inc. advised by Gibson Dunn & Crutcher made a proposal to the movie theater company that would push back its near-term debt maturities, according to people familiar with the matter.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityPlunging Home Prices, Fleeing Compan
“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
Americans collectively had $1.61 trillion in auto loan debt last year, study says.
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
These proven wealth builders could be exactly what you're searching for right now.
Here's what could happen next to Microsoft shares.
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.
Opportunistic investors can still find bargains, even with the Nasdaq Composite up 49% since the start of 2023.
It's been an "everything buy bonds" bull rally in markets for months, but BofA is cautiously watching a couple of indicators.