Fact-checking claims Trump’s pardons wiped out $1bn in debt owed to US | Donald Trump News
Liz Oyer, a lawyer with the United States Department of Justice handling pardons for a long time, was fired by the Trump administration in March.…
L.A. media mogul Byron Allen hires investment bank to sell television stations
In a significant retrenchment, media mogul Byron Allen has retained investment banking firm Moelis & Co. to sell his network-affiliate television stations after spending more…
Can Trump fix the national debt? Many have doubts
WASHINGTON — President Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt…
‘Tidal wave’: How 75 nations face Chinese debt crisis in 2025 | Business and Economy News
Many of the world’s poorest countries are due to make record debt repayments to China in 2025 on loans extended a decade ago, at the…
Is United States debt becoming unsustainable? | Business and Economy
Moody’s ratings agency has stripped the US of its last perfect credit rating.United States debt has long been considered the safest of all safe havens.But,…
JPMorgan’s Dimon warns of US stagflation risk: Report | Business and Economy
Economists echo Dimon’s concerns as US credit downgrade and tariff-driven uncertainty continue.JPMorgan Chase CEO Jamie Dimon has warned that he can’t rule out the possibility that…
US House passes tax and spending bill by single vote | Tax News
The Republican-controlled US House of Representatives has passed the “Big, Beautiful Bill”, the sweeping tax and spending bill by a single vote. The legislation, which…
Column: The ‘One, Big, Beautiful Bill’ is a big, ugly mess
The “One Big Beautiful Bill” is one big, ugly mess.We’ve seen false advertising in naming laws before — the Democrats’ 2022 Inflation Reduction Act jumps…
Public workers in Africa see wages fall by up to 50% in five years: Survey | Poverty and Development News
Public spending cuts across six African countries have resulted in the incomes of health and education workers falling by up to 50 percent in five…
The US has $36 trillion in debt. What does that mean, and who owns it? | Business and Economy News
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of…
Moody’s becomes final credit agency to downgrade U.S. debt rating
May 17 (UPI) -- Moody's Ratings downgraded U.S. debt, becoming the last of the three major credit rating agencies to move in that direction. The…
Moody’s strips US government of top credit rating | Debt News
Moody’s cited rising debt, saying US had repeatedly failed to end the trend of large annual fiscal deficits and interest.Moody’s Ratings has stripped the United…
A US airline faces backlash as it begins deportation flights | Migration
Avelo Airlines, a Texas-based budget carrier, is facing backlash from both customers and employees over its decision to operate deportation flights under a new contract…
Gutted | Bankruptcy | Al Jazeera
Fault Lines and Mother Jones investigate how a private equity firm gutted a hospital chain for profit, endangering patients.Fault Lines and Mother Jones magazine investigate…
As the conclave gathers, let debt justice be Pope Francis’s legacy | Religion
Pope Francis was never drawn to pomp or grandeur. He asked to be buried in a simple casket, and his burial was held not in…
Will African nations ever be able to repay their debt? | Business and Economy
African nations are drowning in debt. A halt of US aid to many countries on the continent could worsen the crisis.Africa is a continent rich…
Saudi Arabia, Qatar to settle Syria’s outstanding debt to World Bank | Business and Economy News
Syria’s arrears to the World Bank total roughly $15m.Saudi Arabia and Qatar have announced that they will settle Syria’s debt to the World Bank totalling…
Jailed for fishing: India-Pakistan tensions trap families in debt, poverty | Border Disputes
Diu, India – Boxes of sweets are being passed around as cheers and joy surround Rajeshwari Rama’s brick house, insulated with tin sheets, in the…
Can China use US debt in its tariff war against Trump? | Donald Trump
The United States and China are in a trade war face-off. The US exported $143bn worth of goods to China in 2024 and has a…
House GOP approves framework for Trump’s big bill after intense wrangling wins over GOP holdouts
WASHINGTON — House Republicans narrowly approved their budget framework on Thursday, a political turnaround after Speaker Mike Johnson worked into the night to satisfy GOP holdouts who…