Posted in 2020 Election Asia China coronavirus currency debt Donald Trump Economy Joe Biden National Security

Report: Chinese Currency Soars on Hopes of Joe Biden Victory

The Financial Times (FT) reported on Friday that China’s currency, the renminbi, had its biggest rally in 15 years, driven by increased foreign demand and…

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Posted in budget deficits cbo debt Economy

U.S. Debt On Path To Exceed Size of Economy Next Year, CBO Estimates

The U.S. government’s debt owed to the public will exceed GDP for the first time since World War II.

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Posted in blue-collar jobs Congress coronavirus Covid-19 debt deficit Economics Economy Government Spending pandemic retirement Stock Market Taxes Wuhan coronavirus Wuhan virus

How Trillion-Dollar Deficits Kill Blue-Collar America, And Coronavirus Bailouts Make It Worse

Because of the coronavirus bailouts, the federal deficit is now expected to be $3.7 trillion for fiscal year 2020. This is a huge drag on…

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Posted in Africa coronavirus debt Economy G20 National Security Tanzania World Bank

Tanzania: President Calls for African Debt Forgiveness After Coronavirus

Tanzanian President John Magufuli on Wednesday called for international lenders, particularly the World Bank, to forgive existing African loans instead of offering new loans to…

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Posted in Chris Bedford debt Donald Trump Federal Reserve Finance House of Representatives Jerome Powell loans Loretta Mester National Debt Quantitative Easing The Federalist Wuhan virus

Federal Reserve Announces $700 Billion Asset Purchases, Cuts Interest Rates To Zero

The nation’s central bank stated in an emergency that it was ‘prepared to use its full range of tools’ to keep the economy afloat.

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Posted in Budget Congress Congressional Budget Office debt deficit Entitlements federal budget federal debt Federal Reserve federal spending Green New Deal Jerome Powell Medicare for all

Federal Reserve Chair: Our Massive Federal Budget Deficits Are Unsustainable

Jerome Powell, the chairman of the Federal Reserve, issued an ominous warning to lawmakers Wednesday that the federal budget is on ‘an unsustainable path.’

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