debt crisis

Japan’s massive national debt and increasing interest rates are causing serious economic distress, a situation Peter Schiff refers to as a “slow-motion train wreck.” What Happened: Schiff expressed his opinions during his podcast “The Peter Schiff Show” where...

Leading experts in the digital asset industry have voiced concerns over the trajectory of Bitcoin (CRYPTO: BTC) amidst global economic and geopolitical challenges. These market experts suggest that while Bitcoin has shown resilience in past crises, the current economic climate combined with global...

The U.S is advancing towards a significant debt crisis due to a fiscal deficit at “worst structural point since World War II," warns investor Matthew McLennan. McLennan, co-head of First Eagle's Global Value team, expresses concern over the equity and bond market’s relative...

"Rich Dad, Poor Dad" author Robert Kiyosaki has once again reiterated his bullish take on assets like gold, silver and Bitcoin (CRYPTO: BTC), saying they are the best hedge against corruption and incompetence. "SOFT LANDiNG? HARD LANDING? Or CRASH LANDING? I say crash landing. I hope I am wrong yet...

The U.S. stock market got off to a shaky start in May. The S&P 500 index, closely tracked by the SPDR S&P 500 Trust ETF (ARCA: SPY), is poised to end its second consecutive week of losses for the first time since mid-February as the debt-limit stalemate weighed on sentiment. As of...

With President Joe Biden and House Speaker Kevin McCarthy not being able to reach any consensus regarding the debt ceiling crisis, concerns surrounding a potential default on national debt have resurfaced. When “Whole Mars Catalog” tweeted stating defaulting on the national debt is a...

U.S. Treasury Secretary Janet Yellen warned Monday in a CNBC interview that the U.S. might face financial chaos if Congress does not lift the debt ceiling before June 1, the date when the Treasury could effectively run out of cash.  Yellen is also reaching out to corporate and financial...

European Central Bank President Christine Lagarde said she has huge confidence in the United States and believes the government will not default on its debt. "I just cannot believe that they would let such a major, major disaster happen of the United States defaulting on its debt. This is not...

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, has said increasing the debt ceiling would impact Americans in a negative manner in the long run. His remarks came in response to statements made by Sen. Chuck Schumer, Majority Leader (D-NY)...

Jamie Dimon, the chief executive of JPMorgan Chase & Co (NYSE:JPM), has reportedly warned against declaring victory against inflation too early, saying the Federal Reserve could raise interest rates over the 5% mark if higher prices remained “sticky.” Dimon's comments follow the...

Former Treasury Secretary Lawrence Summers has some advice for President Joe Biden regarding the debt ceiling — stay strong. On being asked what his advice would be to Biden during an interview with CNN’s Fareed Zakaria, Summers said he would tell the...

Former Labor Secretary Robert Reich believes President Joe Biden’s meeting with House Speaker Kevin McCarthy regarding the debt ceiling crisis was framed as a start of negotiations while the issue should have been non-negotiable. While the President and the...

Federal Reserve Chair Jerome Powell has asserted that resolving the debt ceiling crisis is Congress’ job and the central bank is not involved in any discussions regarding the matter. “There's only one way forward here and that's for Congress to raise the debt ceiling so that the...

Nobel laureate and noted economist Paul Krugman has countered some of the criticisms about several strategies to resolve the looming debt ceiling crisis that includes minting a trillion-dollar coin. "If the strategies are undignified, so is having a financial crisis because a faction in...

President Joe Biden will meet House Speaker Kevin McCarthy at the White House on Wednesday to resolve the imbroglio over the debt ceiling and spending cuts. What Happened: Biden will ask McCarthy whether he “intends to meet his Constitutional obligation to prevent a national default, as...