Tag: Debt
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Moody’s cuts US credit as debt rises and $4 trillion tax cut extension adds to deficit
Moody’s Ratings stripped the US government of its top credit rating Friday, citing successive governments’ failure to stop a rising tide of debt.Moody’s lowered...
Global debt hits record of over $324 trillion, banking trade group says
Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion,...
Finance Secretary Ajay Seth warns states on using borrowings for consumption, urges credit-rated debt papers
The Union Government has said public debt remains “elevated” and cautioned that several states are increasingly using borrowings to fund current expenditure rather than...
RBI’s debt buying binge to act as de facto rate cut, analysts say
The Reserve Bank of India's plan to buy ₹1.25 lakh crore ($14.66 billion) of bonds in May will likely lower the cost of overnight...
Saudi Arabia and Qatar to pay back Syrias debt to the World Bank
BEIRUT (AP) — Saudi Arabia and Qatar said Sunday they will pay Syria’s outstanding debt to the World Bank, a move likely...
