The Hike that Breaks the Market’s Back
As Debt Rises, the Government Will Soon Spend More on Interest …
CNBC–3 hours ago
The federal government could soon pay more in interest on its debt than it … The deficit is expected to total nearly $1 trillion next year — the first time it has been …
China’s illegal local debt pile grows as Beijing looks to infrastructure to …
South China Morning Post–5 hours ago
The size of implicit debt accumulated in the past three years is estimated by private analysts to be 20-50 trillion yuan (US$2.9 trillion to US$7.3 trillion), …
Fiscal Watchdog: States’ Unfunded Liabilities Grow to $1.5 Trillion
The Epoch Times–15 hours ago
24 seeks to cut through the jargon of financial reports. The nonprofit found the combined taxpayer burden of “unfunded state debt” to be $1.5 trillion for the 2017 …
Calpers Chief Faces Short-Term and Long-Term Liabilities
Wall Street Journal–4 hours ago
Estimates of governments’ total unfunded promises to workers range from … the funding gap is straining taxpayers and putting pension promises in jeopardy.
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