Tag: Dollar
The US National Debt Surpassed 35 Trillion Dollars
The federal government’s debt has reached yet another psychological threshold amid widespread concerns. According to data released by the U.S. Treasury Department on Monday, the federal government’s total public debt has surpassed US$35 trillion for the first time, as recorded at the end of last week, equivalent to the combined economic output of China, Germany, […]
August 1, 2024
Brics Announces Plans to Completely Abandon the US Dollar
The Brics is a group of countries interested in the prevalence of international justice, while the West seeks in all ways to stop the multilateralization of the international community to prolong its hegemony.
June 26, 2024
High US Fiscal Deficit Poses Risks to Global Economy
With the U.S. government showing no sign of containing its spending in an election year, economists and observers have warned that high U.S. deficit poses risks to the U.S. and global economy. RELATED: Pro-Palestinian Protests Spread in US Universities First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that while high […]