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The Latest Breaking News from National Debt

Lebanese Face Long 'Insulting' Queues to Buy Bread

In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can't afford any. In a country which once boasted the nickname "Switzerland of the Middle East" for its thriving banking sector before financial crisis hit in 2019,…

Asharq Al-Awsat

How costly political realities undercut Ghana's electricity reforms

Ghana reformed its electricity sector by the book but has lurched from blackouts between 2012 and 2015 to a glut of energy which costs government about 5% of GDP. Fitch ranks the energy sector as the biggest driver of national debt. How did this happen? It’s a classic case of…

The Conversation

Financial counselling 'cleaned up so much mess' after Jacqueline's life was devastated by unexpected trauma

Jacqueline Goodwin became a widow with two babies at the age of 25. She says a financial counsellor helped her overcome extreme budget stress and she's not alone, with experts expecting a spike in mortgage repossessions amid the rising cost of living.

ABC News

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Argentine anti-government protests build as president calls for unity

Argentine President Alberto Fernandez called for unity on Saturday as protesters marched in the capital to the gates of the presidential palace, lambasting his government over soaring inflation and a crushing national debt.

Reuters

UK economy ‘running on empty’ as high inflation threatens recession, and drives up borrowing costs – as it happened

UK business confidence falls to levels that signal a recession, as new orders growth weakens

The Guardian - UK

Conservatives claim canceling US student debt will be expensive. They’re wrong

If Joe Biden signed an executive order tomorrow, the government won’t pay out a dime – federal student loan debt is already included in the national debt

The Guardian - US

With deficit falling, Biden pivots to fiscal responsibility

President Joe Biden plans to highlight deficit reduction in remarks noting that the government will pay down the national debt this quarter for the first time in six years

The Independent UK

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Don't Wait! The National Debt Is Only Getting Worse

New CBO report shows that the longer Congress waits to deal with the debt, the bigger the problem becomes.

Reason

The National Debt Was a Lot Smaller the Last Time Inflation Was This Bad

Real Money Columnist Jonathan Heller's crab bisque index is flashing a warning signal.

The Street

What is the debt ceiling and why does it matter?

The United States debt ceiling has existed in various forms for more than 100 years and limits the amount of money the US government can borrow. Learn more about the US debt ceiling.

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Cristina Fernandez de Kirchner

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Financial Counselling Australia

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