USDebt

Trump's Treasury Nominee Scott Bessent Emphasizes Tackling U.S. Deficit and Debt Spending

7 days ago

In a significant move for the upcoming presidential term, former President Donald Trump has nominated Scott Bessent to lead the U.S. Department of the Treasury. This appointment comes at a pivotal moment as the nation grapples with skyrocketing debt levels and an ever-increasing deficit. Bessent, who has a robust background in financial management and investment strategy, aims to address these critical issues head-on.

The U.S. Debt Ceiling Complicates Fed's Balance Sheet Management

20 days ago

As the United States approaches a critical juncture with its debt ceiling, a storm of complexities is brewing for the Federal Reserve's management of its balance sheet. The upcoming negotiations and the prospect of an impending debt ceiling crisis are set to overshadow the central bank's plans for the gradual runoff of its massive asset portfolio.

IMF Warns: US Must Take Immediate Action to Address Escalating Debt Crisis

2 months ago

In a pressing statement, the International Monetary Fund (IMF) has urged the United States to act promptly in order to alter its trajectory of rising national debt. This warning comes from IMF official, Vitor Gaspar, who emphasized that the time for decisions is now if the U.S. is to secure its long-term economic stability.