The country’s $31.4 trillion debt ceiling was exceeded in January, and later scrapped altogether until 2025 The US national debt could surge by $20 trillion over the next decade, the Bank of America (BoA) said in a note on Tuesday, citing data from the Congressional Budget Office.
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An economic downturn in the region will take hold by year-end, Mario Draghi has warned The European Union will likely plunge into recession by the end of the year, former Italian prime minister and European Central Bank (ECB) president Mario Draghi has told the Financial Times.
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Washington must also deter Asia from dependence on Moscow, Geoffrey Pyatt has claimed The White House is planning to “kill” Russia’s Arctic LNG 2 energy project, according to US assistant secretary of state for energy resources, Geoffrey Pyatt.
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