A TRILLION DOLLARS. That number may keep Scott Bessent, America’s treasury secretary, up at night. Next year his government’s net interest payments will break the 13-figure mark. The combination of a bulging deficit, now worth 7% of GDP, and the sharp increase in government-bond yields over the past four years makes America’s budgetary mathematics increasingly ugly.
Shoppers carry Macy's and Nordstrom bags at Broadway Plaza in Walnut Creek, California, US, on Monday, Dec. 16, 2024. The...
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Washington and Seoul brokered a historic $950 billion deal, bringing the two nations closer in both trade and military alliance....
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 17.96 points or 0.04% to...
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