Monday, February 26, 2024 – Large US banks are facing potential risks as bad commercial real estate debt has outpaced the reserves held to cover such loans for the first time since the 2008 financial crisis, filings with the Federal Deposit Insurance Corporation (FDIC) said last week. The filings said the data showed a significant […]

WASHINGTON, Monday, July 31 – The U.S. national debt has skyrocketed to $30 trillion, a level that is unsustainable and threatens the country’s economic security, the Cato Institute warned on Tuesday. The libertarian think tank said that the debt has increased by $8 trillion since President Joe Biden took office in January 2021, and is […]

RIYADH, Saudi Arabia, Monday, May 6, 2024 – The world’s debt burden has reached alarming levels, comparable to those seen during the Napoleonic Wars, according to World Economic Forum President Borge Brende. The World Economic Forum (WEF) convened a meeting in Riyadh, Saudi Arabia, on April 28 and 29 to address critical challenges facing the […]