(Boston Globe) The debt ceiling debate continues as Representative Michele Bachmann addressed supporters in Iowa. Video by Matt Viser/Globe Staff..
(Boston Globe) The debt ceiling debate continues as Representative Michele Bachmann addressed supporters in Iowa. Video by Matt Viser/Globe Staff.
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The White House says President Barack Obama will not negotiate with Congress on the approaching debt ceiling.
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White House Press Secretary Jay Carney says House Republicans can't use negotiations over the debt ceiling or the federal budget to 'get their way' when it comes to funding the Affordable Care Act.
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President Barack Obama spoke at the annual meeting of the Wall Street Journal's CEO council in Washington Tuesday. He addressed problems with the Affordable Care Act and how he doesn't see a repeat of the debt ceiling clash. (Nov. 19)
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John Roberts reports for 'Special Report' #GOPDebate
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Global debt has jumped to a new high
The International Monetary Fund (IMF) said global debt has jumped to a new high of $226 trillion with India’s dues projected to rise to 90.6 per cent in 2021, due to COVID-19 and policies put in place to respond to it. Advanced economies and China contributed over 90% to the accumulation of debt in 2020 and the remaining emerging economies and low-income developing countries contributed only around seven per cent. India's debt increased to 89.6% of its GDP in 2020 from 68.9% in 2016. This increase is, by far, the largest on record. This figure includes both public and non-financial private sector debt. The remaining emerging economies and low-income developing countries contributed only around seven percent. It is projected to jump to 90.6 percent in 2021 and then decline to 88.8 percent in 2022, to gradually reach 85.2 percent in 2026. The IMF said risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy.
Constraints on financing are particularly severe for poorer countries. Noting that in 2020, fiscal policy proved its worth, he said the increase in public debt, in 2020, was fully justified by the need to respond to COVID-19 and its economic, social, and financial consequences. But the increase is expected to be one-off. After that it is projected to stabilise at about 97 percent of GDP. These debt dynamics are driven by a strong contribution from nominal GDP growth, accompanied by a much more gradual reduction in the primary deficit, he said. The IMF further said that, risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy. On the downside, new variants of the v
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After a spectacular road show in Varanasi, Congress Vice President Rahul Gandhi launched yet another attack on BJP and its prime ministerial candidate Narendra Modi while speaking at an impressive election rally at Chandauli in Uttar Pradesh. 'Before finalising our election manifesto we had come to the people to seek their opinions. They wanted to have three more rights. I get lot of complaints from various sections of the people that they are not able to get adequate medical or healthcare facilities due to financial difficulties. Many such people find it very tough to treat their children for various chronic diseases,' said Rahul Gandhi.
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5/29/13 - Glenn Beck says that Michele Bachmann has been relentlessly attacked and by announcing that she will not seek re-election, she is leaving Congress with her honor and integrity in tact.
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