Economy
With U.S. debt above $40 trillion, the IMF chief warns that economic growth alone won’t solve the problem
The U.S. national debt has reached a historic high of $40.3 trillion, representing a gross debt-to-GDP ratio of approximately 126%. During the IMF annual...
Economy
U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year
The U.S. finished fiscal year 2026 with a budget deficit of nearly $2 trillion, a 12% increase from the prior year's $1.775 trillion. This...
Economy
Here’s how the Fed should reveal its outlook for the economy
Federal Reserve Chairman Kevin Warsh wants to modernize the central bank's communication strategy. An external panel appointed by Warsh is currently examining the best...
Economy
U.S. raises Mastercard, Citigroup China market access in bilateral Bangkok talks, official says
U.S. officials pressed China to improve market access for American financial firms, including Mastercard and Citigroup, during bilateral meetings held in Bangkok on the...
Economy
Older Americans feel less of the affordability crunch. How that could affect the midterm elections
Americans aged 65 and older are less affected by the cost-of-living crisis than younger households, according to economists and political experts. Between January 2019...
Economy
Analysis: Everyone expects the Fed to hold rates in October. Kevin Warsh could surprise us all
Markets are pricing in an 85 % probability that the Federal Reserve will not raise interest rates in October, a view supported by comments...
Economy
The ultra-rich are piling into Rolexes, rubies and Klimts as inflation hedges—but the real return may be about more than money
BNY Wealth surveyed 290 family offices managing fortunes of at least $250 million, with nearly half overseeing more than $1 billion. Luxury assets are...
Economy
Here are the key things Fed Chairman Kevin Warsh said — and didn’t say — while Americans were sleeping Thursday night
Federal Reserve Chair Kevin Warsh spoke Thursday night during the IMF annual meeting in Bangkok alongside IMF Managing Director Kristalina Georgieva. He reaffirmed the...