Illustration: Chen Xia/Global Times
For decades, the 10-year US Treasury bond has been seen as a safe haven in times of economic uncertainty and risky events. But now, even the risk-aversion sentiment
Tag: debt
UN chief urges bold solutions to tackle great finance divide to deliver SDGs
UN Secretary-General Antonio Guterres (C, Front) speaks at the UN High-level Dialogue on Financing for Development during the 78th session of the UN General Assembly at the UN headquarters in New York
Resurgence of McCarthyism: US lawmakers frequently propose anti-Communist and anti-China measures
The U.S. Capitol building in Washington, D.C. [Photo/Xinhua]
In the early days of the Cold War, the notorious \”McCarthyism\” emerged in the U.S. Joe McCarthy, a self-serving and opportunistic political
China\’s economic recovery holds steady amid global challenges
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some majo
U.S. national debt keeps snowballing
Cartoon by Ma Hongliang
The latest statistics released by the U.S. Department of the Treasury showed that the gross national debt of the U.S. exceeded $32 trillion for the first time, according to The
Congress\’s shady Pentagon slush fund beefs up U.S. military spending: The Hill
NEW YORK, June 14 (Xinhua) — Drawing on the experience of the global war on terror, defense hawks in the U.S. Congress have figured out an accounting gimmick to protect increases in military spending
Village in E China\’s Zhejiang finds path toward prosperity by developing tourism
Photo shows a road with a clean and smooth surface in Hengshanwu village, Anji county of east China\’s Zhejiang Province. (People\’s Daily Online/Zhang Liwei)
With its clean and neatly arranged roads an
US in a sea of debt
The continuous increase in the U.S. debt ceiling, which makes its creditors foot the bill, has been accumulating risks for the global economic and financial system.
Comicomment: US debt-ceiling debacle far from over
(ECNS) — After months of partisan arm-wrestling, the US Congress approved the bill to raise America\’s debt ceiling after the Senate\’s passage late Thursday. The two parties in the United States engag
Fitch ratings places U.S. AAA rating on \”negative watch\” as debt ceiling deadline nears
NEW YORK, May 24 (Xinhua) — The credit rating agency Fitch Ratings announced Wednesday it has placed the U.S. AAA-rated long-term foreign-currency issuer default rating on a \”negative watch\” as the d