‘Default doomscrolling’ again, Mr. Powell?
Kimimasa Mayama/Pool Photo via AP
Major players in the financial system are pondering the unthinkable as the US inches closer to an unprecedented default.
Kevin McCarthy., left, Chuck Schumer, right, and President Joe Biden meet at the White House on May 9, 2023.
AP Photo/Evan Vucci
As President Biden begins meeting with congressional leaders to resolve the debt ceiling showdown, an economist warns the consequences of a default could be dire.
Ukrainian president Volodymyr Zelensky and G7 ambassadors visit the port of Odesa, a vital export hub for Ukraine’s agricultural products.
Ukrainian Presidential Press Service / EPA-EFE
The long-term economic outlook for Ukraine as it manages the effects of the Russian invasion
A Russian foreign debt will have limited implications for global financial markets but will affect Russia’s credit risk profile.
Yuri Kochetkov/EPA-EFE
Experts discuss the implications of Russia’s recent debt default for the global financial markets and Russia’s reputation
Replacing ships like the Moskva will be pricey. The flagship of Russia’s Black Sea Fleet recently sank after suffering damage.
Russian Defense Ministry Press Service via AP
Russia is on the verge of defaulting on its foreign debt, which not only could have severe economic consequences but could also complicate Putin’s ability to wage a prolonged war in Ukraine.
Does a few more trillion make a difference?
AP Photo/Manuel Balce Ceneta
Although US debt may be at eye-popping levels, an economist explains why it shouldn’t keep you up at night.