Republicans have embraced former Vice President Dick Cheney’s 2002 dictum that deficits don’t matter. U.S. investors may be about to disagree. https://www.japantimes.co.jp/commentary/2025/05/28/us-deficits-matter/?utm_medium=Social&utm_source=mastodon #commentary #us #deficit #debt #useconomy #globaleconomy #republicans
After years of lending money to fund infrastructure projects across the globe, China is now the largest debt collector in the developing world. @npr explains a report on how it may undercut poverty reduction efforts and stability.
https://flip.it/Ngacvb
#Poverty #China #Africa #Debt #Asia #Infrastructure
Nissan is looking to raise more than ¥1 trillion by issuing debt and selling assets to keep its operations on track, internal documents show. https://www.japantimes.co.jp/business/2025/05/28/companies/nissan-debt-asset-sales/?utm_medium=Social&utm_source=mastodon #business #companies #nissan #carmakers #uk #us #tariffs #debt
**Wall Street braces for more bond turbulence as traders bet Washington won't tackle deficits**
#Debt #Deficit #BondMarket #Economy #Economics #USA #US #UnitedStates @economics
Did you know?
FICO high achievers carry a balance on three revolving accounts, and they have 11 open revolving accounts.
Just in case you were wondering what the FICO credit score actually measures. It measures willingness to rely on debt, not your success in avoiding it.
Source: Capitol One, which just switched to FICO for their consumer free credit score tracking.
The world's poorest nations face a mountain of debt as repayments to China hit record highs in 2025, with the poorest 75 countries set to repay China a combined $22 billion. https://www.japantimes.co.jp/news/2025/05/27/world/politics/developing-nations-china-debt/?utm_medium=Social&utm_source=mastodon #worldnews #politics #china #debt #beltandroad #honduras #solomonislands #indonesia #brazil
**Martin Pelletier: The next phase of financial instability may be driven by weakness in sovereign debt markets**
“_Bond markets are applying increasing pressure on governments to confront their fiscal realities, but policymakers seem unwilling to rein in spending._”
https://financialpost.com/investing/investors-unaware-scale-bond-crisis.
#Debt #SovereignDebt #BondMarket #Finance #Economy #Economics @finance @economics
Credit ratings in Canada are basically unregulated but extremely influential. Equifax’s rule that will reset you score to 0 if you have no debt for two years penalizes people for being responsible.
https://www.cbc.ca/news/gopublic/equifax-credit-score-vanished-1.7542059
https://www.europesays.com/uk/132480/ The U.S. Debt Spiral – The Globalist #Debt #Economy #GDP #Growth #StockMarket #UnitedStates #us #USA
**It's not just US bonds. Governments around the world are facing spiraling debt costs.**
https://www.businessinsider.com/bond-yields-rising-japan-us-deficit-spending-debt-carry-trade-2025-5.
The U.S. debt crisis can’t be fixed without reforming entitlements, and that means Americans must retire later and pay more in taxes. https://www.japantimes.co.jp/commentary/2025/05/22/world/us-debt-retirement-age/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #us #debt #useconomy #moody039s
**3 reasons bond investors are panicking about the US budget deficit**
https://www.businessinsider.com/trump-tax-bill-gop-budget-deficit-bond-market-yields-selloff-2025-5.
#USA #US #UnitedStates #Deficit #Debt #BondMarket #Economy #Economics @economics
The growing #debt has paradoxically given urgency for #Republicans to pass the bill, as it would raise the federal govt's #DebtCeiling by $4 trillion [something they rail against when there’s a Democratic admin]. That would avert the prospect of #default, which ofcls have warned would come this summer.
Republicans also argued that failure to pass the bill would mean an effective tax hike for some [#wealthy] Americans, as #Trump's 2017 tax cuts are to expire at the end of the year.
#Debt interest payments accounted for 1 out of every 8 dollars spent by the US government last year, more than the amount spent on the #military, according to the CBO. That share is due to grow to 1 out of every 6 dollars over the next 10 years as an aging population pushes up the government's #health & #pension costs, even if #Trump's budget bill is NOT taken into account.
It also would fund #Trump's #immigration crackdown, adding tens of thousands of #border guards & creating the capacity to deport up to 1 million people each year.
The bill passed despite growing concerns over the US #debt, which has reached 124% of GDP, prompting a downgrade of the #UnitedStates' top-notch #credit rating by Moody's last week.
The bill would fulfill many of #Trump's #populist campaign pledges, delivering new #tax breaks on tips & car loans & boosting spending on #military & #border enforcement. It will add about $3.8 trillion to the federal govt's $36.2 trillion in #debt over the next decade, acc/to the nonpartisan Congressional Budget Office.
What Trump called "one, big, beautiful bill" passed in a 215-214 vote, with all of the chamber's Democrats & 2 Republicans voting against it. A 3rd Republican voted "present”.
US #House narrowly passes #Trump's sweeping tax-cut bill, sends on to #Senate
The #Republican-controlled US House of Representatives passed by a single vote a sweeping #tax & #spending bill that would enact much of Trump's #policy agenda on Thurs & saddle the country with TRILLIONS of dollars in #debt. [just after the US had its #credit rating lowered]
#law #economy
https://www.reuters.com/world/us/us-house-republicans-set-pre-dawn-votes-get-trump-tax-bill-over-finish-line-2025-05-22/
The situation in Tokyo bears no similarity to the euro-zone crisis era in Athens. The comparison drawn by Shigeru Ishiba is reckless and irresponsible. https://www.japantimes.co.jp/commentary/2025/05/22/japan/greece-word-japan/?utm_medium=Social&utm_source=mastodon #commentary #japan #shigeruishiba #taxes #debt #greece #japaneseeconomy
A 700% APR Lending Business Tied to Dr. Phil’s Son Is Dividing an Alaska Tribe
https://www.propublica.org/article/minto-money-dr-phil-son-payday-lending-alaska
