In a new working paper published by the National Bureau of Economic Research, economists Vadim Elenev, Tim Landvoigt, an ...

States and local governments across America have collectively accumulated over $6 trillion in liabilities, roughly $5 ...

Moody’s Downgraded the US… Should You Care? The S&P downgraded the US credit rating in 2011. Then, in 2023, Fitch followed suit. Finally, Moody's pulled the trigger on May 16, 2025. Their decision ...

Discover how a national debt crisis affects global economies, disrupting trade, boosting inflation, and affecting currency values worldwide.

Globally, government debt/GDP ratios and debt service costs have increased since the GFC and Covid, raising the relevance and importance of sovereign bond indices like the FTSE Debt Capacity World ...

The COVID-19 pandemic has had enormous impacts on state and local governments by reducing tax revenue, causing widespread unemployment, and increasing healthcare costs. In addition to reducing ...

MINNEAPOLIS — If you wince when look at your monthly credit card bill, you might not believe what the U.S. government has racked up. The national debt now tops more than $34 trillion. That's a new ...

Developed markets led a borrowing push that lifted global debt to near $346 trillion at the end of the third quarter, while a ...

A council that was effectively declared bankrupt has said the government will never write off all of its debt. Thurrock Council in Essex racked up a debt of £1.5bn by borrowing hundreds of millions ...